Key HighlightsCRCL shares declined 4.7% during pre-market hours, sliding from Monday’s $97.42 closing price to $92.81A critical Senate vote on the Digital Asset Market Clarity Act is scheduled for 2:15 PM ET, needing 60 votes for approvalApproval probability has plummeted from over 80% in early 2026 to approximately 16-19%Goldman Sachs upgraded its CRCL price target to $92 while maintaining a Neutral stanceArk Invest liquidated approximately $13.8 million in CRCL shares during Monday’s rallyCircle Internet Group (CRCL) shares are experiencing downward pressure in Tuesday’s pre-market session, erasing the momentum gained during the previous trading day. The stock retreated 4.7%, declining from its Monday closing level of $97.42 to $92.81.Circle Internet Group, CRCLThe previous session’s surge was driven by renewed confidence following Senate Republicans’ publication of the updated Digital Asset Market Structure Clarity Act language. This development propelled CRCL approximately 4% higher as market participants anticipated favorable regulatory changes for digital assets and stablecoins.However, that enthusiasm has quickly dissipated.A procedural cloture vote on the Clarity Act is slated for 2:15 PM ET Tuesday in the Senate. This critical step demands 60 affirmative votes to advance, and market observers indicate that threshold is becoming increasingly difficult to achieve.Polymarket odds for passage have experienced a dramatic decline, tumbling from more than 80% in early 2026 to roughly 16-19% as of Tuesday morning. Three contentious areas remain disputed: ethics requirements, DeFi developer accountability, and limitations on stablecoin interest payments.Yield Restrictions Pose Direct Threat to Circle’s ModelThe final sticking point carries significant implications for Circle in particular. The issuer generates substantial revenue from reserves backing its USDC stablecoin, meaning any yield limitations could fundamentally impact its core revenue stream.Goldman Sachs contributed to the tempered outlook by lifting its CRCL price objective to $92 while retaining its Neutral recommendation. This revised target aligns with or falls beneath Tuesday’s pre-market valuation, offering limited optimism for near-term appreciation.Coinbase (COIN) shares are similarly declining in pre-market activity, indicating the weakness across cryptocurrency-related equities stems from collective regulatory uncertainty rather than company-specific challenges.Market conditions provide no relief. The S&P 500 decreased 0.1%, the Dow Jones declined 0.3%, and the Nasdaq slipped 0.1% during Tuesday’s regular session.Ark Invest Reduces Stake During Monday’s AdvanceSeparately, Ark Invest revealed it offloaded 142,350 CRCL shares across two investment vehicles on Monday, totaling approximately $13.8 million based on closing valuations. This divestment occurred while the stock posted a 7.53% gain for the session.Ark simultaneously reduced its Coinbase exposure, disposing of 36,628 COIN shares at Monday’s closing price of $191.45, representing roughly $7 million. The investment firm’s portfolio management guidelines cap individual holdings at 10% of fund assets, which regularly necessitates position reductions when allocations expand.The firm additionally sold approximately $40 million of its ARK 21Shares Bitcoin ETF (ARKB), alongside smaller stakes in Bitmine and Bullish.Complicating the broader environment, the Federal Open Market Committee rate announcement is scheduled for Wednesday. A 25-basis-point increase is widely expected, which could further pressure stablecoin reserve earnings if it signals continued monetary tightening.Market attention now centers on the 2:15 PM ET Senate proceeding, which will probably determine the trajectory for CRCL and cryptocurrency-focused equities throughout the remainder of Tuesday’s session.The post Circle Internet (CRCL) Stock Slides 5% Amid Senate Crypto Bill Uncertainty appeared first on Blockonomi.