In June 2025, the US stock market's cryptocurrency sector performed strongly, with stablecoin issuer Circle (CRCL) seeing a 700% increase in stock price within three weeks, surpassing $214 and becoming the market focus. Tron made its Nasdaq debut through a reverse merger, with its affiliate SRM Entertainment skyrocketing 526% in a single day, elevating its market value to $158 million.

Policy benefits have boosted industry enthusiasm; the US 'GENIUS Act' passed Senate review, providing a federal regulatory framework for stablecoins, stimulating the rise of related stocks. MicroStrategy (now renamed Strategy), as a leader in Bitcoin reserves, surpassed a market value of $100 billion, prompting over 30 small and medium-sized companies to follow the 'crypto treasury' strategy.