#GENIUSAct

Bitcoin, Ethereum, and XRP Surge as GENIUS Act Advances in U.S. Senate

Crypto markets rallied Sunday following a significant regulatory development in Washington. The U.S. Senate voted 66-32 to advance the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), signaling renewed momentum in the push to regulate the $250 billion stablecoin sector.

After months of political gridlock — partly due to concerns around former President Trump’s crypto interests — the bill’s advancement to the Senate floor for debate marks a major step forward. The market responded swiftly.

Ethereum (ETH) led the charge, jumping 2.3% within an hour of the vote and closing the day up 7.61% at $2,540.68. Its market capitalization rose to $306.73 billion (+7.60%), even as 24-hour trading volume dipped by 12.70% to $26.99 billion.

Bitcoin (BTC) also saw upward momentum, climbing 2.90% to trade at $105,376.02. Its market cap now stands at $2.09 trillion (+2.95%), though trading volume fell 11.47% to $55.66 billion over the same period.

XRP spiked 2% in the two hours following the announcement and ended the day with a 4% gain, priced at $2.36. XRP’s market cap rose 3.43% to $138.73 billion, while daily volume declined 15.99% to $3.18 billion.

The sharp price movements highlight how sensitive the digital asset market is to regulatory shifts. With the GENIUS Act gaining traction, traders appear increasingly optimistic that a stablecoin framework — and broader regulatory clarity — may soon materialize.

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