Robinhood launches its own blockchain; Circle surges 10% after winning bank charter

Robinhood has launched its own blockchain called Robinhood Chain, marking a major expansion into crypto infrastructure. Circle, the issuer of the USDC stablecoin, received a national bank charter in the US, sending its shares up 10%. Meanwhile, a new draft of the Clarity Act — the US crypto regulatory framework — is in progress with a ticking legislative clock.