Crypto Markets Surge: GENIUS Act Momentum, Trump’s Crypto Endorsement, and Rapid Industry Shifts

Crypto markets are experiencing heightened volatility as global conflicts and pivotal legislative action shake investor sentiment. The GENIUS Act speeds through approval, former President Trump champions crypto’s future, and industry milestones like Coinbase Payments and spot XRP ETFs push the sector into new territory.

GENIUS Act Drives Equities Rally Amid Political and Geopolitical Turbulence

Circle shares and other crypto-adjacent equities surged as the GENIUS Act cleared a crucial hurdle, stoking optimism in the digital asset space. The bill, which is receiving strong backing from former President Donald Trump, aims to reshape the legislative landscape for crypto in the United States. As tensions escalated in the Middle East with ongoing Israel-Iran hostilities, overall crypto price action remained volatile. Nonetheless, lawmakers pressing ahead on pro-crypto reforms provided the sector with notable upside. Trump’s public endorsement, marked by his statement that “we’ll own it” in reference to crypto, places the conversation firmly in the political mainstream as he encourages the House to advance the GENIUS Act.

Milestones: Bitcoin Tax Exemption, Stablecoin Boom, and Growing Institutional Access

In regulatory news, Ohio made headlines by exempting Bitcoin payments below $200 from state taxes, representing a significant step toward mainstream adoption. The stablecoin market is also flourishing, with total capitalization now surpassing $250 billion—a signal of increasing demand for digital dollars amid turbulent macro conditions. Industry players are accelerating innovation: CryptoCom and Deribit will soon accept the BUIDL token as collateral, while Coinbase has announced support for USDC as loan collateral, alongside the launch of its new ‘Coinbase Payments’ platform. This move sent Coinbase shares climbing, reaffirming the company’s expanding influence. Additionally, the crypto lending sector now manages $60 billion in assets, demonstrating robust confidence from both retail and institutional investors.

Key Stats & Figures

• Stablecoin Market Cap: Exceeds $250 billion, reflecting expanding digital dollar demand.
• Crypto Lending: Lending platforms now hold $60 billion in total assets under management.
• Ohio Bitcoin Tax Ruling: Payments under $200 in Bitcoin are exempt from state taxes.
• Lion Group Treasury Funding: Secured $600 million for its HYPE treasury initiative.

IPO Buzz, XRP’s Canadian ETF, and New Trading Frontiers

As market dynamics evolve, more firms are eyeing public offerings. SOL Strategies laid out plans to go public in the United States, and FalconX is exploring an IPO, further evidence of institutional appetite for digital assets. Notably, the Lion Group raised a staggering $600 million for its HYPE treasury, and Jump Trading is signaling a return to crypto markets. Meanwhile, the debut of the first spot XRP ETF in Canada marks a new chapter for altcoin-based exchange-traded products, potentially paving the way for further innovation in global crypto investment vehicles. Popular brokerages and exchanges—such as CryptoCom, Deribit, and Coinbase—are broadening the range of tokens accepted as collateral, expanding the ecosystem’s reach.

Conclusion: What This Means for the Market

The rapid convergence of regulatory progress, institutional expansion, and global events signals an inflection point for crypto. As the GENIUS Act advances and influential voices like Trump’s put digital currencies in the spotlight, the sector stands poised for further mainstream integration. Watch for continued volatility, but also expect significant institutional entries and regulatory clarity to shape the coming months.

For ongoing analysis and live coverage, follow The Crypto Report.