Circle Stock Jumps as GENIUS Act Advances; Trump Reaffirms Crypto Support and Fed Signals Caution

Crypto markets remained on edge this week as global tensions persist, but bold policy moves and corporate headlines reignited bullish sentiment. Circle shares soared after the GENIUS Act progressed, while recent comments from Donald Trump and several new products from giants like Coinbase have the industry buzzing with anticipation.

Circle Stock Spikes on GENIUS Act Momentum

Digital asset firm Circle witnessed a significant rally in its stock price following reports that the U.S. House is moving forward with the GENIUS Act—a bill designed to spur innovation in the digital currency sector. Former President Donald Trump publicly encouraged lawmakers to pass the legislation, emphasizing crypto’s role in America’s financial future. This political push, combined with broad enthusiasm for digital assets, gave Circle investors new reasons for optimism.

Stablecoin and Product Innovation Drive Market Growth

Crypto’s rapid evolution is marked by the stablecoin market cap climbing past $250 billion. Notably, Ohio has stepped up as a proactive state by exempting Bitcoin payments under $200 from taxation, removing a key hurdle for everyday digital transactions. On the business side, major exchanges Coinbase and Deribit are expanding the use of stablecoins and new tokens as collateral, with Coinbase rolling out ‘Coinbase Payments’—a move that triggered a spike in its stock value. SOL Strategies is moving toward a public listing in the U.S., and Lion Group has secured a $600 million capital injection for its HYPE treasury fund, further highlighting the sector’s robust momentum.

Key Stats & Figures

• Stablecoin Market Cap: Surpasses $250 billion, reflecting rising institutional and retail adoption.
• Crypto Lending: Crypto lenders now manage $60 billion in customer assets, signaling robust sector growth.
• Lion Group Treasury: Raises $600 million for HYPE, fueling Web3 product innovation.
• XRP ETF Launch: Canada hosts the first spot XRP ETF, expanding access to crypto-backed investments.

Trump, Fed, and the New Policy Landscape

Donald Trump doubled down on his promise to support American cryptocurrency leadership, urging the passage of the GENIUS Act and declaring, “Crypto is the future, and we’ll own it.” Meanwhile, the U.S. Federal Reserve remains in observation mode amid lingering macroeconomic uncertainty, as the conflict between Israel and Iran rattles investor confidence. The global geopolitical environment is currently shaping both risk sentiment and regulatory postures in digital finance.

Conclusion: What This Means for the Market

This week’s news underscores the accelerating intersection of policy, enterprise innovation, and macro trends in crypto markets. With high-level political backing, regulatory advances, and surging product launches, digital assets are set for continued growth—though volatility remains a key risk. Investors, regulators, and industry leaders alike are watching closely as crypto’s next chapter rapidly unfolds.

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