#CryptoStocks

Circle (CRCL) Just Blew the Roof Off Wall Street — and Crypto May Never Be the Same

Well, that escalated quickly.

Circle (ticker: CRCL), the company behind USDC (aka the second-largest stablecoin on the planet), just torched its previous record — jumping 34% in a single day to a new all-time high. Why the pump? The U.S. Senate just passed the GENIUS Act, a landmark piece of crypto legislation that could finally bring stablecoin regulation into the real-deal mainstream.

💼 What’s the GENIUS Act and Why Should You Care?

The GENIUS Act isn’t just a fancy acronym — it's the kind of bill that makes crypto go from “wild west” to “Wall Street-ready.” It:

Requires 1:1 backing for stablecoins (i.e., real cash or Treasuries),

Introduces licensing and transparency requirements,

And gives legit players like Circle a massive regulatory edge.

In other words: no more sketchy stablecoin games. This is grown-up money now.

📈 Circle’s IPO Was Wild — This Is Wilder

In case you missed it, Circle IPO’d earlier this month at $31. It opened at $69 and just kept climbing. Today? It closed around $199.59 — that’s over 6x the IPO price. 👀

Safe to say, this isn’t just another crypto flash-in-the-pan. Wall Street is watching — and they like what they see.

🔮 What’s Next?

With Circle pulling off one of the biggest post-IPO runs in years, the floodgates might just be opening:

Coinbase, Robinhood, and other crypto-adjacent stocks surged on the same news.

Startups like Fireblocks and Chainalysis are rumored to be prepping IPO paperwork.

And crypto finally feels like it’s stepping out of the shadows — and into the suits-and-ties spotlight.