Circle, Coinbase shares soar as Senate clears path for . . . Its shares closed at $199 59 versus IPO price of $31 The stock was last up another 4 4% after the bell The company's flagship USDC stablecoin has a market value of around $61 4 billion
Circle stock soars again as Senate passes groundbreaking . . . Circle Internet Group Inc's stock has surged over 500% since its IPO following the Senate's approval of the GENIUS Act, paving the way for broader stablecoin adoption in finance Analysts predict further growth and recommend buying shares as investors show strong interest
Circle Extends 600% Post-IPO Rally on Senate Stablecoin Bill . . . Circle Internet Group shares jumped as much as 17% to about $236 in pre-market trade Friday, extending a rally that has lifted the stock almost 600% above its $31 debut price on 5 June The advance swelled the stable-coin issuer’s market capitalization to roughly $54 billion and put the shares on course for a fourth
S. 1582 - 119th Congress (2025-2026): GENIUS Act Guiding and Establishing National Innovation for U S Stablecoins Act or the GENIUS Act This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed value)
Senate Passes GENIUS Act, Clearing Hurdle for Federal . . . The GENIUS Act now goes to the U S House of Representatives, where legislators are also considering the companion STABLE Act and the broader Digital Asset Market Clarity Act Both pieces of House legislation have passed out of their respective committees—the STABLE Act in April 2025 and the Digital Asset Market Clarity Act in early June
Circles IPO: A Turning Point for U. S. Stablecoin Regulation . . . A key factor driving optimism around Circle’s IPO is the anticipated passage of the GENIUS Act, a U S stablecoin regulatory bill with bipartisan support The legislation aims to provide clear guidelines for stablecoin issuers, addressing long-standing concerns about transparency and oversight