This legislative snag has affected crypto stocks. Shares of the Circle Internet Group, issuer of the stablecoin USD Coin [USDC], fell by 4.58% on the 15th of July.
Coinbase, the largest U.S.-based crypto exchange, saw its shares fall 1.5% for the day. However, it had just made its all-time high at $394 on the 14th of July.
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