CRCL Rockets 30% as Senate Greenlights Landmark Stablecoin Bill – Crypto’s Watershed Moment
Wall Street meets blockchain as Circle's stock (CRCL) moonshots on regulatory clarity. The Senate just handed crypto its biggest institutional win yet—but will the suits ruin the party?
The bill that changes everything
No more regulatory limbo. The freshly passed Stablecoin Act gives dollar-pegged tokens full legal status—and Circle's USDC is first in line for compliance. Market reacts with violent upside as shorts get wrecked.
Bankers vs. builders
TradFi institutions are suddenly scrambling to 'understand the technology' (read: find ways to tax it). Meanwhile, DeFi protocols are already integrating with Circle's new regulated framework—because code moves faster than committee meetings.
One cynical truth
The same politicians who called crypto a scam last year are now taking victory laps. Funny how election years make blockchain 'important infrastructure.'
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Interestingly, Coinbase (COIN) also got a boost today. That’s because Coinbase earns half the interest revenue from Circle’s USDC stablecoin reserves, and all the interest on USDC held directly on its own platform. However, it is worth noting that the GENIUS Act still needs approval from the House of Representatives. Still, investors are hopeful. Indeed, stablecoins, which are digital tokens tied to the U.S. dollar, are attracting more attention from banks and tech companies as crypto regulations shift under the Trump administration.
Big names like Amazon (AMZN), Walmart (WMT), Apple (AAPL), Uber (UBER), and Airbnb (ABNB) are reportedly exploring how to use or create their own stablecoins. The GENIUS Act aims to make payments faster, more transparent, and safer, while also increasing demand for U.S. dollars and government debt. It includes rules to protect consumers, set collateral standards, and provide clear oversight. As a result, Galaxy Digital’s Alex Thorn says the bill could pave the way for traditional finance to start using public blockchains, which would increase the adoption of bitcoin, crypto, and decentralized finance.
Is CRCL Stock a Buy?
Using TipRanks’ technical analysis tool, the indicators seem to point to a positive outlook for CRCL stock, thanks to two Bullish indicators and no Neutral or Bearish indicators. However, it is worth noting that since the company recently went public, there is not enough data to fully analyze its technical patterns.
