$USDC Circle Breaks Records as GENIUS Act Ignites Crypto IPO Boom — But Is It Real Growth or Just Hype?

Circle (CRCL) just made history — surging 34% to hit a new all-time high right after the U.S. Senate passed the groundbreaking GENIUS Act, the first major crypto bill to clear the chamber. This move has ignited fresh optimism across the market, especially for stablecoin regulation and crypto-linked equities.

But Circle’s explosive rally isn’t just about legislation. The company’s blockbuster IPO has now become a symbol of the next big trend: crypto going public. Investors are watching closely — could this be the beginning of a wider wave of crypto companies entering traditional markets?

Some believe this is the start of true institutional adoption, while others caution that the rally might be more speculative excitement than sustained demand. With names like Ripple, ConsenSys, and even Kraken being whispered in IPO circles, all eyes are on who might step up next.

Meanwhile, on the macro side, the Federal Reserve kept rates unchanged for the fourth time. Chair Jerome Powell signaled caution, saying more data is needed before any cuts — even though inflation continues to cool. The Fed’s projections hint at two potential cuts in 2025, but there’s still no clear timeline.

Adding fuel to the uncertainty, former President Trump lashed out, calling Powell “stupid” and demanding a full 2% rate cut to stimulate the economy. This political pressure adds yet another layer of volatility to an already sensitive market.

So the question remains:

Are we witnessing a real shift in investor sentiment — or is the market just caught up in the heat of the moment?

Whatever your take, one thing’s clear: crypto’s path to Wall Street is no longer just a dream — it’s happening right now.