#CryptoStocks

Crypto Stocks Surge After GENIUS Act Passed: COIN Up 17%, Circle Soars

Stablecoin regulations have finally been passed through the GENIUS Act, and the market responded positively right away. Major crypto stocks recorded significant jumps:

Coinbase (COIN) rose by +17% to $295 after the GENIUS Act passed in the Senate.

Additional catalyst: the launch of Coinbase Payments which expands USDC adoption on e-commerce platforms like Shopify.

Circle (CRCL) — the issuer of USDC — recorded a +27% increase following the regulations.

Its stock is now traded over +238% from the IPO price, indicating strong investor support for the stablecoin sector.

MicroStrategy (MSTR) remains stable around $369, after announcing an additional purchase of 10,100 BTC worth $1.05 billion through the issuance of preferred stock.

Stablecoin regulations provide legal certainty for the digital asset market in the US—and serve as a new trigger for stocks that have direct exposure to crypto.