Circle Soars on GENIUS Act Passage, Stablecoin Market Hits $250B Amid Crypto Volatility and Policy Moves

Circle shares skyrocketed following the GENIUS Act’s approval, as cryptocurrency markets remain turbulent against the backdrop of escalating Israel-Iran tensions. Meanwhile, major policy developments and bullish institutional moves signal a dynamic new phase for digital assets.

GENIUS Act Fuels Market Optimism as Trump Weighs In

Circle’s stock price climbed sharply on news that the GENIUS Act has passed, stoking enthusiasm among crypto equity investors. Former U.S. President Donald Trump added fuel to the momentum, championing pro-crypto legislation and urging the House to move forward on the GENIUS Act. His public endorsement is the latest sign of growing political interest, coming as the sector navigates heightened volatility due to ongoing geopolitical uncertainty in the Middle East.

Regulatory Shifts and Mainstream Adoption Accelerate

In a regulatory win for Bitcoin users, Ohio has officially exempted Bitcoin payments under $200 from taxation, making everyday digital transactions more accessible. Across the market, stablecoins reached a new milestone: total capitalization has surged past $250 billion, reinforcing stablecoins’ pivotal role as bridges between fiat and crypto. As adoption deepens, platforms like CryptoCom and Deribit have started accepting BUIDL tokens as collateral, while Coinbase announced support for USDC as loan collateral and rolled out its new ‘Coinbase Payments’ feature—moves that drove its share price higher.

Key Stats & Figures

• GENIUS Act Impact: Circle stock surged following the U.S. passage of the GENIUS Act, with crypto equities seeing renewed demand.
• Stablecoin Market Cap: Market capitalization of stablecoins now exceeds $250 billion, highlighting rapid growth in digital dollar adoption.
• Bitcoin Tax Relief: Ohio exempts Bitcoin payments under $200 from state taxes, encouraging micro-transactions.
• Crypto Lending: Crypto lenders are currently holding $60 billion in assets under management globally.

Institutions and IPOs: A Rapidly Maturing Landscape

Traditional finance and crypto ventures are converging at breakneck speed. SOL Strategies is preparing to make its U.S. stock market debut, and Lion Group has amassed $600 million for its HYPE treasury project. Not to be outdone, Jump Trading is reportedly planning a reentry into crypto trading. Meanwhile, brokerage FalconX is in advanced talks to pursue an initial public offering, underlining the sector’s rapid maturation and investor appetite for regulated digital asset firms. In Canada, the first spot XRP ETF has launched, marking another leap toward mainstream financial integration.

Conclusion: What This Means for the Market

The convergence of progressive regulation, fierce institutional competition, and surging stablecoin activity is propelling the digital asset sector into uncharted territory. As markets adjust to new political support and products like spot ETFs and token-based collateralization, investors and innovators alike should brace for fast-moving opportunities and challenges in the months ahead.

For more insights, stay tuned to The Crypto Report as we track every major development shaping tomorrow’s crypto economy.