Bitwise CIO: Circle could reach a $75B valuation by 2030 after CRCL drops 22% to $98

On Tuesday, Circle Internet Financial (CRCL) fell 22% to $98 after reports tied the move to a revised CLARITY Act draft that would bar platforms from offering stablecoin yield. Bitwise CIO Matt Hougan said the selloff looked "overblown" and argued the bill does not change his base-case view. He said Circle could still reach a $75 billion valuation by 2030 under what he described as conservative assumptions.