In recent days, Circle (CRCL) stock has shown notable growth amid discussions surrounding the GENIUS Act regulating the stablecoin market.
Circle Stock Exhibits an Uptrend
According to Yahoo Finance data, Circle (CRCL) shares increased more than 4% in pre-market trading, reaching $199.38. On July 15, 2025, the stock price surged, closing at $211.98, reflecting an increase of over six times since its Initial Public Offering. The market capitalization stands at $48.37 billion with an average daily volume of 36,713,710. This rapid rise is linked to broader bullish trends in the crypto market, where Bitcoin (BTC) surpassed $123,000.
GENIUS Act Encounters Setbacks
Despite the stock surge, on July 15, 2025, the U.S. House of Representatives failed to advance the recently introduced GENIUS Act proposed by Bill Hagerty. This legislation aimed to establish regulations for the stablecoin market and provide a framework for banks and other entities to issue stablecoins. Concerns from various House members centered on the potential for the act to facilitate the creation of a Central Bank Digital Currency (CBDC). Critics highlighted that the bill excluded provisions to ban CBDCs, clashing with President Trump's earlier executive order issued in January. However, a section of the act does prevent the Fed from creating a retail CBDC.
Reaction from MARA, MSTR, and COIN Stocks
The failure of the GENIUS Act did not trigger negative reactions across the broader crypto stock market. Mara Holdings (MARA) shares climbed 3.7% over the past 24 hours, with a 27.9% rise over the past month. MicroStrategy (MSTR) shares increased by 1.6% to trade at $449.65. Similarly, Coinbase (COIN) stock also showed growth of over 2.4%, reaching $39.57 with a market cap of $100.78 billion.
In summary, despite the setbacks faced by the GENIUS Act in Congress, Circle’s stock along with other crypto companies continues to show positive momentum, indicating sustained interest in the crypto market.
