.S. Senate passed the GENIUS Act, a bill that establishes federal guidelines for dollar-pegged stablecoins. The legislation also gives the Department of Treasury authority and clears the way for bank, retail, and fintech names to issue their own stablecoins.

A Wall Street newcomer, CRCL is pacing for its third gain in the last four sessions, and earlier hit a record high of $184.44. Shares made quite the splash earlier this month, opening at $69 after its initial public