Since @circle went public, the company has been restless. U.S. banking institutions have lobbied heavily against the stablecoin company primarily operated by Circle.

Lobbying core point: The yields provided by stablecoins may lead to deposit outflows. In January 2026, over 3,200 banks signed a letter demanding that these yields be banned before the elections, claiming it could cause a $6 trillion deposit drain.
An outcome is expected before the end of March. Currently, some trends point to an expectation of mutual concessions—that holding stablecoins does not generate passive interest income, but on-chain activity can earn interest income.
$CRCL has fallen nearly 80% from its peak. The biggest negative news is about to be implemented, making it an interesting betting point.
DYOR