Shares of Circle (CRCL) skyrocketed nearly 34% on Wednesday, closing at $199.59, after the U.S. Senate passed a landmark stablecoin bill, giving the crypto industry its biggest boost of 2025. The legislation, passed with rare bipartisan support, paves the way for the GENIUS Act to reshape the regulatory landscape for stablecoins like USDC, which is issued by Circle.
The surge comes just weeks after Circle made a splashy IPO debut on the New York Stock Exchange, priced at $31 per share. With momentum building around crypto legitimacy and adoption, CRCL stock has now surged over 540% from its IPO price, drawing major attention from retail and institutional investors alike.
What Triggered the Rally?
The immediate catalyst was the Senate’s approval of the stablecoin legislation—a long-awaited regulatory milestone that defines how dollar-pegged tokens should be issued and backed. Under the GENIUS Act, stablecoin issuers will now be required to:
- Back tokens with fully reserved, highly liquid assets like U.S. dollars and short-term Treasuries
- Provide monthly public disclosures of their reserve composition
These regulations are expected to add significant credibility to the $256 billion stablecoin market. The bill now moves to the House of Representatives and, if passed, will head to President Trump’s desk by the end of the summer.
What It Means for Circle
Circle is the issuer of USDC, the second-largest stablecoin globally, with a current market cap of $61.4 billion. The company co-founded the token with Coinbase (COIN), which also saw its shares climb 16% on the news. Robinhood, another crypto-friendly platform, gained 4.5%.
The legislation is seen as a turning point for Circle, transitioning it from a key player in crypto finance to a cornerstone of future digital payments infrastructure.
Expert Commentary
Circle CEO Jeremy Allaire took to social media, calling the Senate vote “historic” and saying it would “drive U.S. economic and national competitiveness for decades to come.”
Brokerage firm Bernstein echoed that sentiment, saying: “Once passed into law, stablecoins will evolve from the money rail of crypto to the money rail of the internet.”
Barclays analysts noted that the bill is one of two major crypto legislations expected to clear this year, which could set the stage for exponential growth across digital asset platforms.
Why CRCL Stock Could Still Have Room to Run
- The move toward regulatory clarity could bring new institutional capital into USDC and similar tokens
- Circle’s role in digital commerce could expand dramatically, especially if stablecoins gain mainstream retail adoption
- Strategic partnerships or new product rollouts could drive fresh growth now that regulatory risk is reduced
As demand for stable, regulated crypto assets increases, Circle’s infrastructure-first model positions it as a foundational company for Web3-era finance.
What to Watch Next
Investors should keep an eye on the House vote for the GENIUS Act, expected before August. Also crucial: how traditional financial institutions like banks and payment processors respond to the new clarity around stablecoins.
If passed into law, the stablecoin framework could unlock a new era of growth not just for CRCL, but for the broader crypto industry.
- Walmart Drops Anthropologie Dupes and Shoppers Love It - June 20, 2025
- CRCL Stock Soars After Senate Passes Game-Changing Stablecoin Bill - June 20, 2025
- Sam’s Club Set to Hike Prices on Essentials - June 20, 2025
