Crypto Markets Surge as GENIUS Act Passes, Trump Endorses Digital Assets, and Industry Milestones Push Forward

Momentum is building in the cryptocurrency sector as landmark legislation, political support, and a wave of major business developments propel both digital assets and related equities to new heights. From Washington’s GENIUS Act to record stablecoin growth and new product launches, the global crypto market is entering a dynamic new phase.

GENIUS Act Passes as Political Support for Crypto Strengthens

Cryptocurrency markets rallied following the passage of the bipartisan GENIUS Act, a landmark bill designed to nurture financial innovation in the United States. Former President Donald Trump added to the enthusiasm by publicly urging the House of Representatives to support the measure, declaring that “crypto is the future” and signaling that America aims to lead the digital revolution. This new direction comes as states like Ohio introduce regulatory clarity, exempting Bitcoin transactions under $200 from state taxes—a move seen as encouraging for everyday consumers and businesses alike.

Stablecoin and Crypto Services Break New Ground

The rapid growth of the digital asset sector was further highlighted as the combined stablecoin market capitalization surged beyond $250 billion. Major exchanges took bold steps to drive utility and adoption, with Crypto.com and Deribit announcing plans to accept BUIDL stablecoin as collateral. Meanwhile, Coinbase rolled out ‘Coinbase Payments’ and enabled USDC holdings to be used as collateral, moves that drove a noticeable uptick in its stock price as investors recognized the potential for wider crypto integration in traditional payments.

Key Stats & Figures

• Stablecoin Market Cap: Surpassed $250 billion, underscoring rapid adoption and increased trust.
• Crypto Lender Assets: Total holdings by crypto lending firms now top $60 billion, emphasizing growing institutional participation.
• Bitcoin Tax Exemption in Ohio: Transactions under $200 now tax-free, encouraging micro-payments and retail use cases.
• Lion Group HYPE Treasury: Raises $600 million dedicated to on-chain innovation.

Institutional Moves and New Listings Shape the Landscape

Several powerhouse institutions and companies are making headlines in the ever-evolving crypto landscape. SOL Strategies is preparing for a U.S. public offering, signaling greater mainstream exposure for crypto-focused investment firms. Lion Group’s substantial $600 million raise for its HYPE treasury marks one of the largest on-chain capital pools to date. Jump Trading appears poised for a return to the sector, while brokerage FalconX is rumored to be eyeing a high-profile IPO. Meanwhile, Canada launched the first-ever spot XRP ETF, representing a pivotal expansion in regulated crypto investment products worldwide.

Conclusion: What This Means for the Market

With supportive legislation, high-level political backing, robust investment, and innovative platforms emerging, the crypto industry is set for accelerated growth and more seamless integration into everyday finance. As digital assets secure stronger footholds across regulatory, institutional, and retail sectors, market participants can expect greater stability, broader adoption, and exciting new opportunities ahead.

For the latest updates and deep dives into the crypto market, stay tuned to The Crypto Report.