#CryptoStocks

Circle (CRCL) shares, the issuer of the USDC stablecoin, rose more than 20% on Wednesday. As a result, the company's stock reached $179.94, a new all-time high.

This increase occurred after the United States Senate voted in favor of the anticipated GENIUS Act. The bill was approved by 68 votes in favor and 30 against, and will now go to a vote in the House of Representatives.

If it is also approved there, the bill will be sent to President Donald Trump for his approval.

Circle's shares made their stock market debut on June 5, trading at $31. Since then, prices have continued to rise: the increase has exceeded 500% in just over two weeks.

According to market data, trading volumes of the shares also increased in parallel with the price, as investors show interest in CRCL.

The shares briefly surpassed $180 during the day but then lost some momentum, although they still maintain a high price level.

Image taken from the web