Ark Invest Offloads $45M in Circle Shares Amid Regulatory Shakeup as GENIUS Act Clears Senate

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2025-06-18 06:39:55

Ark Invest Dumps Nearly $45M Worth of Circle Shares as U.S. Senate Passes GENIUS Act

Wall Street''s crypto darling Ark Invest just made a power move—dumping $45 million worth of Circle equity as Washington reshapes the rules of the game.

The GENIUS Act''s Senate approval sent shockwaves through digital asset circles, and Cathie Wood''s firm wasted no time rebalancing its bets. Was this strategic foresight or just another case of ''sell the news''? Only the blockchain knows for sure.

Meanwhile in DC: politicians discovered they could both ''support innovation'' and create lucrative exit opportunities for their banker friends. How... convenient.

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