“Wednesday’s Rally Reflects Investor Confidentnce that Circle Will Be The Chief Beneficiary If The US Formally Embraces Stablecoins As Digital Cash Equivalents.”, – WRITE: www.coindesk.com
Jeremy Allaire, Co-Founder, Chairman and CEO. (Shutterstock/Coindesk)
- Circle Shares Surged 34% After The US Senate Passed a Bill Supporting Regulated Stablecoins, With Further Gains in After-Hours Trading.
- The Genius Act, WHICH Still Require House Approval and the President’s Signature, AIMS to Integrate Stablecoins Into The Us Financial System.
- Circle’s Stock Has Risen Over 540% Since ITS DEBUT, REFLECTING INVESTOR OPTIMISM ABOUT ITS ROLE IN THE FUTURE OF DIGITAL PAYMENTS.
The MOVE PUSHED CIRCLE’S STOCK TO $ 199.59 ON WEDNESDAY’S CLOSING, WITH A HIGH OF $ 211.87 In After-Hours Trading. The Stock Is Now Up Over 540% Since ITS JUNE 5 DEBUT, MARKING ONE OF THE FASTEST CLIMBS FOR A Crypto Stock After Opening to the Public.
The Genius Act Outlined How US FIRMS CAN Issue and Manage Fiat-Backed Stablecoins for Payments. It Still Needs House Approval and President Donald Trump’s Signature, But The Senate Pote Signals Strong Bipartisan Support for Bringing Crypto Payments Into.
“History is Being Made,” Circle Ceo Jeremy Allaire SAID ON X, Calling The Bill A BreakthROUGH FOR AMERICAN COMPETITITIVENESS.
History is Being Made, as the US Senate Passes the Genius Act, Taking Us One Step Closer to Breakthrough Legislation Being Sigrated Into Law that Will
– Jeremy Allaire – jda.th / jdallaire.sol (@jeralalaire) June 17, 2025
Trump, in a Truth Social Post, SAID The Bill Wuld Make the Us of “UndisPuted Leader in Digital Assets.”
“The Senate Just Passed An Incredible Bill That Is Going To Make America The UndisPuted Leader in Digital Assets – Nobody Will Do Better, It Is Pure Genius. “Digital Assets Are The Future, and Our Nation Is Going to Own It.”
Circle, The Issuer of USDC, Currently the World’s Second-Largest Stablecoin by Circulating Value, Has Long Pushed for Clear Ruar Ruz ArmPTO Dollars. Wednesday’s Rally Reflects Investor Confidentnce that Circle Will Be The Chief Beneficiary If The US Formally Embraces Stablecoins As Digital Cash Equivalents.
Volume Surged to Over 60 Million Shares, Nearly 2 Times The AVERAGE. CRCl Traded Between $ 148 and $ 200.89 on the Day. ITS Market Cap Now Sits Above $ 48 Billion, Dwarfing Several Legacy Payments Firms.
Bernstein Analysts, Who Initiated Coverage on CrCl Earlier This Week, SAID The Bill Wuld “Re-Shore Stablecoin Innovation” and Draw Activity Back From Offsuers.
“The Bill Clearly Defines Stablecoins As Payment Stablecoins,” Said Analyst Gautam Chhugani, “Making Their Legal Treatment Closer to Digital Cash -I -Epening The Door to Beop.
Read More: Compliment Stablecoins Will Become The ‘Money Layer of the Internet:’ Canaccord
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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