Circle Shares Plunge 2.80 as $2.63 Billion Volume Surges 51.19% to Rank 34th Amid Regulatory Scrutiny

On September 17, 2025, , .

Recent developments highlight regulatory scrutiny as a key factor. A U.S. Senate committee advanced a bill proposing stricter oversight of stablecoin reserves, potentially affecting Circle’s dollar-pegged token USDC. The proposal mandates real-time reporting requirements for stablecoin issuers, which could increase operational costs and compliance complexity for the company.

Market participants also noted mixed sentiment from the . While broader crypto markets showed resilience against macroeconomic headwinds, Circle’s specific exposure to regulatory frameworks and reserve transparency concerns created downward pressure. .

For the backtesting scenario described, the simulation would involve daily rebalancing of a top-500 volume-weighted portfolio with a 1-day holding period. Key parameters require clarification on universe scope (e.g., U.S. equities vs. specific indices), volume definition (share count vs. dollar turnover), execution pricing rules, weighting methodology, and benchmark comparisons before implementation can proceed.