#CryptoStocks Circle (CRCL) surged 34% to a new all-time high after the U.S. Senate passed the GENIUS Act, sparking optimism for stablecoin regulation and crypto equities. With Circle’s blowout IPO, many see this as the start of a broader wave of crypto public listings. Is this real investor demand driving crypto IPOs—or just short-term hype? Which crypto companies do you think are next? The market buzzes with potential as regulatory clarity fuels growth. Investors weigh the long-term impact versus fleeting trends.
"The intent of the GENIUS ACT is to bring stablecoin innovation back to the US onshore from the offshore markets," Bernstein's Gautam Chhugani and his team said in a note earlier this week.
"The bill clearly defines a stablecoin as a payment stablecoin, making its legal treatment as digital cash," he added, "Thus, the intent of the bill is to drive broader mainstream adoption for payments & settlement, beyond simply settlement currency for crypto/digital assets (~80-90% of the use case today)."
