Shares of Coinbase, Circle surge after stablecoin bill passes Senate

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Shares of Circle and Coinbase surged after the Senate passed the GENIUS Act, which would create a federal framework for U.S. dollar-pegged stablecoins. Circle’s stock jumped 33%, continuing its strong post-IPO rally, while Coinbase rose over 16%, benefiting from stablecoins as a key revenue source. The GENIUS Act sets strict rules for stablecoin issuance and centralizes oversight under the Treasury, but still needs House approval, where a different bill proposes shared regulatory authority. If enacted, the law could boost the $260 billion stablecoin market and drive growth for companies like Circle and Coinbase, CNBC has reported. Coinbase also launched a new product enabling e-commerce merchants to accept stablecoins with faster, cheaper payments. read more: 👍 Like this video to raise awareness about how stablecoin regulation could reshape the crypto industry and digital payments. 💬 Comment below—Do you think the GENIUS Act strikes the right balance between innovation and oversight? 🔗 Share this video to help others understand how this legislation could impact the $260B stablecoin market and top crypto companies. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us cover major crypto and fintech developments. 👉 Don’t forget to subscribe for more updates on crypto regulation, blockchain tech, and digital finance trends. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #StablecoinSurge #GENIUSAct #CryptoRegulation