#CryptoStocks

Circle's stock rises over 500% driven by favorable legislation on stablecoins 🚀🚀💵🤑

The GENIUS Act outlined how U.S. companies can issue and manage fiat-backed stablecoins for payments. It still requires approval in the House and the signature of President Donald Trump, but the vote in the Senate indicates strong bipartisan support for integrating crypto payments within the U.S. regulatory framework.

Trump, in a post on Truth Social, stated that the bill would make the U.S. the "undisputed leader in digital assets." 🤑🤑🚀💵