Circle Internet Group shares fell alongside crypto-linked equities on Wednesday after the U.S. Senate voted Tuesday against advancing the CLARITY Act, delaying comprehensive digital-asset regulation. Ripple CEO Brad Garlinghouse criticized Senate Democrats, saying the result "this one stings" after extensive industry lobbying. Opposition focused on whether the bill’s ethics provisions adequately addressed President Donald Trump’s crypto interests. Garlinghouse said rulemaking could now become more important for the Securities and Exchange Commission (SEC), the U.S. securities regulator, led by Chair Paul Atkins, and the Commodity Futures Trading Commission (CFTC), the U.S. derivatives regulator, led by Chair Michael Selig. The agencies issued joint guidance in March on applying federal securities laws to digital assets. Separately, Circle announced the public mainnet launch of Arc, a Layer 1 blockchain (a base blockchain network) designed for financial markets, with native USDC integration. USDC had more than $74 billion in circulation, and Arc launched with founding validators including BlackRock, Mastercard and Visa. Circle traded at $80.72, 10.6% below its 20-day SMA of $90.75 but 7.1% above its 50-day SMA of $75.73. Its RSI was 46.08, indicating neutral momentum, while its 20-day SMA remained above the 50-day SMA even as a June Death Cross and prices below the 100-day and 200-day SMAs kept the broader trend unsettled. Benzinga Pro data showed the stock down 5.14% at $81.86 at publication.