#GENIUSActPass Circle's stock has risen significantly after the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act with a bipartisan 68-30 vote. This landmark legislation establishes a federal regulatory framework for stablecoins, providing clarity and legitimacy to the industry.

*Key Details:*

- *Circle's Stock Performance*: Circle Internet Group's stock (CRCL) surged 5.3% in premarket trading, following its initial public offering (IPO) on June 5, 2025, at $31 per share. The stock has soared over 380% since its IPO, reaching an all-time high of $165.60.

- *GENIUS Act*: The legislation requires stablecoins to be backed by liquid assets, such as U.S. dollars or short-term Treasury bills, and mandates monthly reserve disclosures. This regulatory clarity is expected to boost investor confidence and grow the U.S. stablecoin market to over $2 trillion by 2028.

- *Market Impact*: The GENIUS Act's passage is seen as a significant milestone for the cryptocurrency industry, potentially paving the way for further regulatory clarity and mainstream adoption. Circle, as a leading issuer of stablecoins, is well-positioned to benefit from this development.¹ ²

- *Current Stock Price*: As of June 18, 2025, Circle's stock price is $149.15, with a 52-week range of $64.00 to $138.57.