$USDC U.S. Senate passed the “GENIUS Act” on June 18, establishing a federal stablecoin framework—requiring 1:1 asset backing and regular audits. This is sparking a rally in stablecoin-related stocks like Coinbase (up ~17%) and Circle (post-IPO surge).
2. 💵 Stablecoin market cap surged to ~$252 billion—a 22% year‑to‑date jump—as regulatory clarity boosts investor confidence.
3. 📉 Despite positive policy moves, crypto markets show cautious trading: total cap around $3.25 trillion, down ~2–3% recently amid macro headwinds and geopolitical uncertainty.
