Crypto Markets Surge as GENIUS Act Passes, Trump Renews Support, and Stablecoin & ETF Headlines Drive Momentum

The global crypto market is seeing a resurgence, fueled by major legislative victories, expanding stablecoin adoption, and Wall Street’s growing embrace of digital assets. With the GENIUS Act advancing in Congress and strong endorsements from former President Trump, institutional and retail momentum is building fast.

GENIUS Act’s Passage Marks Turning Point for U.S. Crypto Policy

The approval of the GENIUS Act in the U.S. legislature has ignited optimism across digital asset markets. This landmark piece of legislation signals a friendlier regulatory environment for blockchain innovation. Former President Donald Trump, a key supporter of the bill, has publicly called on the House of Representatives to pass it swiftly, declaring, “Crypto is the future, and we’ll own it.” His bullish stance is influencing market sentiment, rallying both investors and policymakers around crypto’s mainstream potential.

Stablecoin Market Tops $250 Billion as Adoption Grows

Stablecoins continue their meteoric rise, with total market capitalization now surpassing $250 billion. Institutional players are capitalizing on this momentum: CryptoCom and Deribit announced plans to support BUIDL as collateral, while Coinbase revealed that USD Coin (USDC) can soon be used as collateral on its platform. The recent launch of ‘Coinbase Payments’ has contributed to a surge in Coinbase stock, reflecting broader enthusiasm for real-world utility and secure on-ramps into crypto markets.

Key Stats & Figures

• Stablecoin Market Cap: Exceeds $250 billion across all platforms, a historic milestone for digital dollar adoption.
• Crypto Lender Holdings: $60 billion in assets now managed by crypto lenders.
• Lion Group Treasury Funding: Raised $600 million for HYPE treasury expansion.
• BTC Tax Exemption in Ohio: Ohio exempts Bitcoin payments under $200 from state taxes, fostering microtransaction adoption.

ETFs and Equity Markets Bring Crypto Closer to Wall Street

The investment landscape continues to evolve as the world’s first spot XRP ETF launched in Canada, signaling growing institutional comfort with regulated digital asset products. U.S. crypto equity markets are heating up: SOL Strategies is preparing to go public, brokerage FalconX is reportedly looking at an IPO, and Jump Trading is plotting a major return to crypto markets. These moves mirror an accelerating convergence between traditional finance and the crypto sector.

Conclusion: What This Means for the Market

With progressive regulatory signals, innovative product launches, and surging stablecoin utility, the crypto market is turning an important corner. As leaders like Trump champion pro-crypto policies and Wall Street ramps up exposure, mainstream adoption and investor confidence reach new heights. The coming months will determine whether this momentum translates into long-term growth and broader financial integration for digital assets.

The Crypto Report will continue tracking these developments and bringing you timely, actionable insights.