The Senate passed the stablecoin bill on $USDC , Circle's stock price surged 34% to a historic high

On June 17, the U.S. Senate passed (guiding and establishing the U.S. Stablecoin National Innovation Act) (GENIUS Act, also known as the (GENIUS Act)) with a vote of 68 to 30, establishing the first comprehensive federal regulatory framework for dollar-pegged stablecoins. This historic vote immediately triggered a strong market reaction, with Circle's stock price (NYSE: CRCL) soaring nearly 34% on June 18, closing at $199.59.