Just now, the U.S. Senate passed a very important crypto bill called the 'Genius Act' — what does it aim to do? In simple terms, it is to officially bring 'stablecoins' under regulation and make them legal 'digital dollars' for use! As soon as this news broke, USDC issuer — Circle (stock code: CRCL) skyrocketed: 📈 Up 34% on Wednesday, and another 6% after hours, with the stock price peaking at $211.87!#加密货币政策
Since its listing on June 5, it has skyrocketed by over 540%, truly one of the fastest rising crypto stocks right now!
How big is this matter?
The content of the bill is very simple: It clarifies how 'dollar stablecoins' are issued and used, legally and compliantly.
This is equivalent to an official acknowledgment: Stablecoins = Digital cash, can be used for payment and circulation.
The bill also needs to pass the House of Representatives and be signed by the President (Trump has also expressed support! He said: 'Digital assets are the future!')
Why is the crypto community paying attention to Circle?
Circle is the issuer of USDC, the second largest stablecoin in the world, second only to USDT. If stablecoins are officially legalized in the U.S., USDC is likely to become the U.S. government's default 'digital dollar'! This means Circle will be at the core of the entire crypto payment system.
What does this mean?
Stablecoins are getting 'washed', compliant players (like Circle) will reap the biggest rewards.
Cryptographic assets are accelerating their 'entry into the mainstream financial world'.
Crypto concept stocks in the U.S. stock market may usher in a new round of explosion.
In summary: This is not a small piece of news, but a big event that affects the entire cryptocurrency landscape! Stablecoin compliance = Legalization of crypto payments = The dollar hegemony entering the digital age! If you are still observing the crypto world, this could be one of the biggest turning points in the coming years. Let's discuss if you're interested!#USDC
