According to Reuters, or due to the rare bipartisan support in the United States to push the stablecoin bill through the Senate, the U.S. stock crypto sector rose sharply, with Circle closing up 33.8%, Coinbase closing up 16%, and Robinhood, a commission-free brokerage that provides cryptocurrency trading services, rising 4.5%. Bernstein analysts pointed out that once the Genius bill is passed into law (possibly by the end of the summer), stablecoins are expected to evolve from the monetary orbit of cryptocurrencies to the monetary orbit of the Internet.
Barclays analysts said that if Trump signs the stablecoin bill into law this year, it will be one of the most important cryptocurrency bills and bring new growth to the stablecoin market, which is expected to boost the revenue of digital asset infrastructure companies such as Circle and Coinbase.
Reuters: Circle closed up 33.8%, stablecoin market will gain new growth if Trump signs Genius Act
2025-06-19 01:33:08
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