Circle faces July 18 GENIUS Act test as CRCL stock risks fresh slide
Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the $GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares. According to the $GENIUS Act signed by President Donald Trump on July 18, 2025, federal agencies were given one year to prepare the regulatory framework governing stablecoin issuance, licensing, reserve management, and supervision. That transition period expires on July 18, 2026, leaving the Federal Reserve, the U.S. Treasury, and other financial regulators with just days to release the required guidance. The upcoming rules are important for Circle because the company issues USDC, one of the largest stablecoins by circulation. As crypto.news previously reported, any changes affecting reserve standards, licensing requirements, or issuer obligations could influence investor expectations for Circles business and, by extension, CRCL stock. July 18 rules could become the next catalyst Regulatory attention arrives as lawmakers remain divided over the second major U.S. crypto market structure bill. Prediction market platform Kalshi currently assigns a 45% probability to the CLARITY Act becoming law. The bill has faced opposition from banks, which argue that allowing companies such as Circle and Coinbase to offer yield on stablecoin balances could encourage customers to