#CryptoStocks

Circle (CRCL) Hits All-Time High with 34% Surge After GENIUS Act Senate Approval – Crypto IPO Boom Incoming?

Circle (CRCL) has skyrocketed 34%, closing near the $200 mark, following the U.S. Senate’s approval of the GENIUS Act—a groundbreaking bill that sets clear federal regulation for stablecoins. This new law will require stablecoin issuers to maintain 1:1 asset backing and submit monthly reserve disclosures. Since Circle’s IPO on June 5 at just $31 per share, the stock has now climbed over 540%, reflecting growing investor optimism that Circle will become a leading force in the emerging regulated stablecoin landscape.

The GENIUS Act still needs approval from the House of Representatives and the President’s signature, but the Senate vote already signals a shift in Washington’s approach to crypto regulation. Investors now see Circle as one of the biggest beneficiaries of this regulatory breakthrough, fueling hopes that stablecoins will soon be fully integrated into the traditional financial system.

This raises an important question: Is this explosive rally driven by real investor demand, or is it just a short-lived speculative frenzy? On the bullish side, Circle’s IPO success and the regulatory clarity from the GENIUS Act suggest genuine market appetite for crypto-native companies with strong revenue and compliance records. Major financial institutions like Visa and Mastercard have also increased their partnerships with Circle, reinforcing this sentiment. However, with key legislative steps still pending and market volatility ever-present, there’s also a risk that some of this enthusiasm could cool if expectations aren’t met.