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Shares of Circle, identified as the first publicly-traded stablecoin company, have experienced a significant surge following the Senate’s passage of the GENIUS Act earlier this week. Since the market opened on Wednesday, Circle’s shares have jumped 53%, rising from $148 to $227. This surge comes after its initial public offering (IPO) on June 5, 2025, where it debuted on the NYSE under the ticker “CRCL” at $31 per share and saw a 168% increase on its first day of trading.
Other crypto-related companies have also seen gains, with Coinbase, the leading crypto exchange in the U.S., experiencing a 20% increase since Wednesday. As of Friday, June 20, 2025, Coinbase (COIN) closed at $308.38.
The GENIUS Act, or the Guiding and Establishing National Innovation for U.S. Stablecoins Act, aims to create a regulatory framework for stablecoins. Key provisions include full reserve backing, monthly audits, and anti-money laundering compliance. The bill passed the Senate on Tuesday with bipartisan support (68-30) and has now moved to the House of Representatives for a vote and potential revisions. The President has urged the House to pass the GENIUS Act without changes for a swift signing into law, with a goal of doing so before the August recess. The House Financial Services Committee has its own stablecoin legislation, the STABLE Act (H.R. 2392), which passed out of committee earlier this year but has not yet been considered by the full House.

Video courtesy of CSOB

Video courtesy of CSOB