US Stock Market Move | Circle (CRCL.US) fell over 6.8% as the "Clarity Act" was not included in Monday's review schedule.

On Monday, Circle (CRCL.US) saw a decline in its stock price, dropping over 6.8% to $58.34 as of the time of publication. In the news, the agenda released by the U.S. Senate on August 3 shows that the "Clarity Act" was not included in the arrangements for Monday's discussion. According to Senate rules, a typical cloture motion requires the signatures of at least 16 senators. If the Senate submits a cloture motion on August 5, a related vote could occur as soon as August 7. However, this vote would only involve whether to end the debate on the motion to advance the legislation and not the final passage of the "Clarity Act." If the cloture is approved, the Senate would still need to: hold a maximum of 30 hours of discussion on the advance motion; formally consider the bill; and possibly face another cloture motion. Therefore, the normal process may not be completed before the recess.