COIN and CRCL Stock Outlook as ECB Echoes US Banks’ CLARITY Act Warning on Stablecoins

ECB executive board member Piero Cipollone warned that stablecoins could affect bank deposits, echoing US banking groups' concerns about the CLARITY Act. The warnings continue to weigh on Coinbase (COIN) and Circle (CRCL) stocks. The regulatory uncertainty around stablecoins is impacting the stock prices of major crypto firms.