Circle Stock Surges After GENIUS Act Approval; Trump Shows Support, Fed Adopts Wait-and-See for Crypto Markets

Circle’s stock soared after the passing of the GENIUS Act, while Donald Trump openly doubled down on his pro-crypto stance, calling on lawmakers to advance digital asset legislation. Meanwhile, the Federal Reserve adopts a wait-and-see approach as volatility grips the crypto markets amid global tensions.

Circle Stock Rallies on Regulatory Momentum

Circle, the fintech company behind the popular USDC stablecoin, enjoyed a sharp uptick in its stock price as legislators advanced the GENIUS Act—a move seen as pivotal for mainstream digital asset adoption. Former President Donald Trump added fuel to the rally, vocalizing his support for the crypto industry and urging the US House of Representatives to approve the GENIUS Act, framing crypto as a foundational component of America’s economic future.

Macroeconomic Uncertainty and Fed Policy Await Crypto Impact

With global markets unsettled by escalating conflict between Israel and Iran, digital assets remained volatile. The Federal Reserve responded by maintaining a cautious stance, opting to monitor the ongoing macroeconomic and geopolitical developments before pursuing any decisive policy changes. This ‘wait-and-see’ approach underscores growing institutional attention on how external shocks impact cryptocurrency markets.

Key Stats & Figures

• Stablecoin Market Cap: The total market capitalization for stablecoins now exceeds $250 billion, marking a substantial milestone for sector growth.
• Crypto Lenders’ Assets: Crypto lenders currently hold $60 billion in on-platform assets, underscoring the sector’s increasing appeal to larger investors.
• Ohio Tax Break: Ohio now exempts Bitcoin payments under $200 from state taxes, enhancing crypto’s practical use for everyday transactions.
• Lion Group Funding: Lion Group has successfully raised $600 million to bolster its HYPE treasury, reflecting ongoing enthusiasm for crypto projects.

Institutional Moves and Industry Developments Accelerate

Traditional finance bridges into crypto thickened further, with platforms like Crypto.com and Deribit rolling out BUIDL-based collateral, and Coinbase launching new products like Coinbase Payments and allowing USDC as collateral. Meanwhile, notable players including SOL Strategies and FalconX pursue US IPOs, while brokerage innovation and ETF launches—such as Canada’s debut spot XRP ETF—underscore the rapidly evolving ecosystem. Jump Trading is reportedly eyeing a return to crypto markets, signaling renewed institutional confidence as volatility reshapes opportunity.

Conclusion: What This Means for the Market

The intersection of regulatory progress, public figures endorsing digital assets, and significant institutional involvement is reshaping the crypto landscape. As the world watches closely, these swift developments hint at greater mainstream integration and increased resilience for the market—even as global uncertainty persists.

For more in-depth market coverage, industry analysis, and the latest crypto headlines, stay tuned to The Crypto Report.