Compass Point's Ed Engel explains his downgrade of Circle to 'sell'

So, let's turn to another underperformer today. Circle shares closing about 8% lower. Compass Point downgrading the stock to sell, citing five negative catalysts ahead of including Fed rate cuts and emerging competition from, ironically, the recently passed crypto legislation.That's stable coin legislation. Shares are still up over 500% since the IPO. Its market cap is now $43 billion.And joining us now is Ed Engel, analyst at Compass Point. And Ed, it's good to have you on the show. Why the downgrade. Why ...