The passage of the GENIUS Act by the U.S. Senate in June 2025 marks a significant milestone in stablecoin regulation. This event led to a sharp rise in Coinbase stocks and improved Circle's market position.
Coinbase Stock Surge
Following the GENIUS Act's approval, Coinbase shares reached their highest levels since 2021, increasing by nearly 148%, from $142.58 to $353.43. This rise highlights growing confidence in regulated stablecoins.
Impact of the GENIUS Act
The GENIUS Act provides a regulatory framework for stablecoins, prompting significant institutional support. Analysts such as Bernstein upgraded Coinbase’s stock price target to $510, indicating rising investor confidence. Brian Armstrong, CEO of Coinbase, emphasizes the strategic focus on regulatory compliance.
Future of the Stablecoin Market
With the passage of the stablecoin bill, Coinbase and Circle, co-issuer of USDC, now sit at the forefront of a strengthened regulatory environment. Increased regulatory clarity has driven growth in total value locked in DeFi protocols and on-chain liquidity, positively impacting Coinbase's financial strategies.
The approval of the stablecoin bill and subsequent market reactions enhance interest in cryptocurrencies in the U.S. Increased regulatory clarity presents new opportunities for growth and trading activity in digital asset ecosystems.
