#CryptoStocks The shares of USDC stablecoin parent Circle Internet Group Inc (NYSE:CRCL) were last seen up 22.4% to trade at $182.50. Today's pop came after the U.S. Senate passed the GENIUS Act, a bill that establishes federal guidelines for dollar-pegged stablecoins. The legislation also gives the Department of Treasury authority and clears the way for bank, retail, and fintech names to issue their own stablecoins.

A Wall Street newcomer, CRCL is pacing for its third gain in the last four sessions, and earlier hit a record high of $184.44. Shares made quite the splash earlier this month, opening at $69 after its initial public offering (IPO) price came in higher than expected at $31.