Circle and Hyperliquid identified as CLARITY Act infrastructure winners by Bob Diamond

Bob Diamond has a reputation for calling institutional shifts early. The former Barclays CEO and current head of Atlas Merchant Capital used a CNBC appearance on July 31, 2026, to make a pointed prediction: the CLARITY Act is coming, and Circle and Hyperliquid will be its biggest infrastructure beneficiaries. That is not a casual observation from a casual observer. Diamond’s firm has existing investments in digital payment infrastructure, including exposure to Circle, the company behind the USDC stablecoin. What the CLARITY Act actually does The bipartisan CLARITY Act, formally H.R. 3633, cleared the Senate Banking Committee with a 15-9 vote. Diamond put the odds of full passage by the end of 2026 at somewhere between 50% and 75%. The act’s most consequential provision for markets is the regulatory framework it creates around stablecoin yields, telling issuers and platforms exactly what they can and cannot do with yield-bearing stablecoins. Circle’s stock on the NYSE, trading under the ticker CRCL, already gave investors a preview of what the market thinks about this dynamic. Shares surged nearly 20% in early May 2026 following the announcement of CLARITY Act rule compromises. The ...