GENIUS Act Sparks Stablecoin & Crypto Optimism
📌 Market Pulse – June 19
The U.S. Senate passed the GENIUS Act (68–30), setting federal rules for stablecoins—reserve backing, audits, and bank issuance .
Reaction: Circle stock soared ~27%; Coinbase jumped ~16% after also launching new stablecoin payments .
Stability rails = more confidence in stablecoins. Banks and fintechs like JPMorgan are exploring real-time tokenized payments under this clarity .
Take:
Stablecoin regulation is here—and it’s a game-changer. With clearer rules, crypto infrastructure gets safer, on‑chain payments get smoother, and institutional adoption gets easier.$BTC
