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Circle Internet Group (NYSE: CRCL) is one of the most popular cryptocurrency companies. Launched in 2013, it made its public debut on the New York Stock Exchange in June 2025.

The company's most popular offering is the USDC stablecoin, pegged 1:1 to the U.S. dollar.

As per DeFiLlama, USDC has a market cap of $79.31 billion and accounts for 24.5% of the total stablecoin market cap at press time.

Related: Analyst predicts 60% upside for Circle stock on bill compromise

As reported earlier, the raging debate around stablecoin rewards in the Clarity Act seemed to be reaching a compromise when Sens. Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) finalized a draft of the legislation.

The latest text of the draft bans rewards on passive stablecoin holdings that are “economically or functionally equivalent” to deposit interests but allows rewards for stablecoin activities like trading, transactions or staking.

The news sent the Circle stock rallying 20% on May 4, but the stock has failed to extend the gains anymore.

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Now, the company is anticipated to report its earnings for the first quarter of 2026 on May 11. But a company director recently sold company shares.

Michele Burns has served as a member of Circle's board of directors since December 2013.

In a Form 4 filed with the Securities and Exchange Commission (SEC), she disclosed dumping 11,666 CRCLE shares worth $1.38 million recently.

May 4: 1,666 shares worth $179,278.26

May 5: 10,000 shares worth $1,201,500

Insider selling is a standard market practice in which a company director or a major shareholder legally sells company shares in the open market. It is legally mandated to report such sales to the SEC, with details such as the stock sale price, number of shares sold, and date of the sale.

It must be underlined that insider selling isn't necessarily an indication of low confidence among top executives in the company's prospects. In fact, executives sell shares for reasons as different as portfolio diversification or taxes.

Though the Circle stock has gone through its ups and downs since the Oct. 10 crash last year, it is up more than 50% this year and was trading at $120.75 at the time of writing.

Related: Circle stock surges on two key announcements

This story was originally published by TheStreet on May 6, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.