The US Senate's passage of the GENIUS Act—a landmark stablecoin regulation bill—has ignited a rally in shares of major crypto companies Coinbase (COIN) and Circle (CRCL), signaling renewed market confidence in the digital asset sector.
Key Developments
GENIUS Act Approved: The Senate voted 68-30 to advance the Guiding and Establishing National Innovation for U.S. Stablecoins Act, requiring:
- Full asset backing for stablecoin issuers.
- Monthly reserve disclosures.
- Annual audits for issuers with >$50B market cap.
Market Reaction:
- Circle’s stock soared 33.82% to $199 (up from its May 2025 IPO price of $31).
- Coinbase shares climbed 16.32%, closing at $295.29.
👉 Explore how stablecoin regulations reshape crypto markets
Senator Lummis’ Statement
Pro-crypto Senator Cynthia Lummis (R-WY) hailed the bill as pivotal for U.S. crypto leadership:
"Today brings us closer to becoming the crypto capital of the world. Next, we need market structure legislation to fulfill this vision."
Next Steps
The bill now moves to the House of Representatives for reconciliation before potential signing by President Trump.
FAQ: Stablecoin Bill Impact
Q: How does the GENIUS Act protect investors?
A: It mandates transparency through reserves, audits, and disclosures to prevent unstable pegs or fraud.
Q: Why did Coinbase and Circle stocks rise?
A: Clear regulations reduce uncertainty, attracting institutional investment and validating their business models.
Q: Could this bill affect other stablecoins like Tether (USDT)?
A: Yes—all issuers operating in the U.S. must comply, potentially tightening competition.
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