Bob Diamond, former Barclays CEO and current head of Atlas Merchant Capital, singled out Circle and Hyperliquid as the major winners from the forthcoming CLARITY Act on a recent CNBC broadcast. His prediction carries weight given his track record and his firm’s existing investments, including stakes in Circle, the issuer behind the USDC stablecoin.
The CLARITY Act, officially known as H.R. 3633, recently passed the Senate Banking Committee with a 15-9 vote. Diamond estimates a 50% to 75% chance of this bill passing fully by the end of 2026. The bill aims to define regulatory guardrails for stablecoin yields, clarifying what issuers and platforms can do with yield-bearing stablecoins, an area that has been murky until now.
Circle and Hyperliquid Poised for Growth
Circle’s stock, trading as CRCL on the NYSE, has already responded to the improved regulatory clarity. Shares rose almost 20% following the announcement of compromises surrounding the bill earlier this year. Meanwhile, Hyperliquid recently partnered with Coinbase to adopt USDC as its core stablecoin, replacing its former native USDH token. Circle further showed its commitment by staking half a million HYPE tokens on Hyperliquid’s network. This move is significant because Hyperliquid had remained largely under the radar outside crypto circles until Diamond’s mention on CNBC, which brought the platform fresh mainstream attention.
For investors, the CLARITY Act’s progress could reshape the stablecoin landscape, boosting platforms like Circle that are seen as compliant infrastructure leaders. This developing regulatory framework might encourage wider institutional adoption, spotlighting companies ready to operate within well-defined rules.
This material is informational and does not constitute financial advice.
