Circle Stock Soars as GENIUS Act Spurs Crypto Momentum; Trump Endorses Digital Future, Firms Pivot to Stablecoins

Crypto stocks rallied as the GENIUS Act cleared new hurdles in Congress, with Circle experiencing a notable surge. Meanwhile, former President Donald Trump is doubling down on his crypto advocacy, and leading platforms launch fresh stablecoin utilities while geopolitical turmoil shakes global markets.

Circle Rallies on Regulatory Progress

Circle’s stock price saw a sharp uptick after the much-anticipated GENIUS Act passed another stage, signaling growing support for crypto regulation tailored for innovation. The market applauded these legislative developments, with market players noting the potential for greater clarity and institutional investment as the crypto industry awaits full House approval, actively encouraged by Donald Trump.

Trump’s Crypto Rhetoric and Policy Shifts

Donald Trump made headlines as he called for swift passage of the GENIUS Act, vowing that “crypto is the future, and we’ll own it.” This renewed pro-crypto stance from a leading political figure has emboldened industry voices and is widely seen as a catalyst for broader adoption, especially as states like Ohio move to exempt smaller Bitcoin payments under $200 from state taxes.

Stablecoin Utility and Major Platform Moves

As crypto volatility persists, exchanges and trading platforms are racing to offer more stablecoin-based functionality. CryptoCom and Deribit announced they will now accept BUIDL as collateral, while Coinbase introduced new payment systems and enabled USDC to be used for trading margin requirements. These moves coincide with the stablecoin market cap surging past $250 billion, providing traders with much-needed stability amid macroeconomic and geopolitical headwinds.

Key Stats & Figures

• Stablecoin Market Cap: Tops $250 billion, underlining massive liquidity and demand for digital dollar equivalents.
• Crypto Lending: Over $60 billion in assets now held by crypto lenders, highlighting evolving risk strategies.
• Lion Group Treasury: Secures $600 million for its HYPE treasury, signaling big-ticket fundraising in Web3 markets.
• Crypto Equities: Circle and Coinbase stocks both experience notable price gains following regulatory and product news.

New Entrants and IPO Ambitions

Markets are also closely watching a slew of new entrants and capital raises as institutional interest intensifies. Investment firm Jump Trading has revealed plans to return to crypto, and brokerage FalconX is reportedly considering a public listing. The momentum is further fueled by SOL Strategies preparing for a US-based IPO and the launch of the first spot XRP ETF in Canada, setting the stage for a competitive new era in crypto finance.

Conclusion: What This Means for the Market

With regulation advancing, traditional financial players mobilizing, and stablecoin penetration at all-time highs, the crypto industry is rapidly transitioning toward mainstream legitimacy. Volatility and macro risk remain, but coordinated action by both policymakers and innovators is accelerating crypto’s integration into everyday finance. Traders and stakeholders should prepare for heightened competition and scrutiny as the digital asset landscape matures.

Stay updated on all the key developments in crypto, macro, and digital finance at The Crypto Report.