#CryptoStocks Crypto Stocks Soar as Trump Urges Swift Passage of Stablecoin Bill

Crypto-related stocks surged after former President Donald Trump called for the rapid passage of the GENIUS Act, a federal stablecoin bill, urging the House to approve it "lightning fast" and without amendments. The Senate passed the legislation with a strong 68-30 bipartisan vote.

The GENIUS Act establishes a national regulatory framework for stablecoin issuance and trading, potentially reshaping the U.S. digital asset landscape. Following the Senate’s approval:

Coinbase (COIN) shares jumped 16.32%

Circle (private) valuation reportedly surged 33.82%

While momentum builds, the House remains divided over whether to pass the bill independently or bundle it with broader crypto legislation. Critics have also raised concerns about potential conflicts of interest involving the Trump family and their ties to digital assets.$BTC