Circle stock drops after major announcement

Securing a New York trust charter should be a massive win for USDC, yet Circle’s stock just plummeted 7% while analysts slashed price targets by 25%. This proves that regulatory legitimacy is a total distraction; the market doesn't care about "safety" or "compliance" if the earnings don't dazzle. If a major regulatory milestone can't stop a sell-off, does being a "regulated" crypto firm even matter to investors anymore? Or is the USDC model fundamentally flawed?
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