Circle (CRCL) shares slide about 20% on March 24, 2026 amid CLARITY Act draft and Tether audit news

Circle Internet Financial (NYSE: CRCL) fell about 20% intraday on March 24, 2026, dropping from around $125 to roughly $101 as traders reacted to U.S. policy language and competitor developments. Trading topped 30 million shares, with the stock oscillating near $102–$108 by mid-afternoon EDT. The move followed an updated CLARITY Act draft targeting passive stablecoin yield payments and Tether's plan to pursue a Big Four audit for USDT.