Stablecoin regulations have finally been enacted through the GENIUS Act, and the market responded positively. Major crypto stocks recorded significant spikes:
Coinbase (COIN) rose by up to +17% to $295 after the GENIUS Act passed in the Senate.
Additional catalyst: the launch of Coinbase Payments, which expands the adoption of USDC on e-commerce platforms like Shopify.
Circle (CRCL) — the issuer of USDC — recorded a +27% increase post-regulation.
Its shares are now trading more than +238% above the IPO price, indicating strong investor support for the stablecoin sector.
MicroStrategy (MSTR) remains stable around $369, after announcing an additional purchase of 10,100 BTC worth $1.05 billion through the issuance of preferred shares.
Stablecoin regulations provide legal certainty for the digital asset market in the US—and serve as a new trigger for stocks that have direct exposure to crypto.
