The Stablecoin Surge Driving CRCL’s Rise Circle Internet Group (NYSE:CRCL) is the issuer of USD Coin (USDC) that has captured Wall Street’s attention with a meteoric rise since its June IPO. The stock skyrocketed from $31 to nearly $200 per share,

In a week in which Bitcoin hit a new high and the crypto market saw huge gains, the U.S. Congress has officially passed the GENIUS Act, its first national

President Donald Trump signed the GENIUS Act into law, which is the first federal law in the U.S. to formally define stablecoin regulation.

Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.

Most entities now considering tapping into stablecoins amid the GENIUS Act’s passage say they would first use them for largely “back-end” purposes, like reducing fees paid by merchants to credit card companies or more easily converting currencies from cross-border payments.

US President Trump is expected to sign the GENIUS Act into law on Friday, marking the first major crypto legislation. Chamber of Progress CEO and founder Adam Kovacevich joins Market Catalysts to discuss the legislation and what it means for the crypto space.

The House of Representatives passed the GENIUS Act, making it the first major piece of federal legislation to regulate stablecoins.

A legislative win in Congress, and the promise of more to come, has helped lift the prospects and the wealth of the cryptocurrency industry.