The recent performance of cryptocurrency-related US stocks has been impressive. On one hand, the US Senate passed a bill related to stablecoins, providing a degree of regulatory certainty for industry development, which has boosted market confidence and driven up the stock prices of related companies like Circle and Coinbase. On the other hand, the recovery of the cryptocurrency market and innovative attempts at tokenized stocks have also brought new development opportunities and investment hotspots for cryptocurrency-related US stocks.