Circle Stock Rally Hits 540% After Senate Passes Historic Crypto Costs

Circle stock (NYSE: CRCL) skyrocketed to unprecedented heights today, closing at $199.59 with an additional spike to $211.87 in after-hours trading; a spectacular 540% gain since its June 5 IPO. According to reports, the rally was catalyzed by the U.S. Senate’s passage of the GENIUS Act, an expense developing a regulatory framework for fiat-backed stablecoins like Circle’s USDC.

Senate Development Ignites Market Momentum

Wednesday’s session saw Circle stock surge 34%, driven by growing self-confidence that the U.S. government is prepared to treat stablecoins as legitimate digital money equivalents. With Circle’s USDC currently 2nd only to USDT in terms of market share, experts say regulated clearness might tilt the balance in Circle’s favor, especially in payments, remittances, and institutional adoption. Circle stock skyrocketed due to the Senate’s passage of the GENIUS Act, which details a regulated structure for stablecoins, preferring Circle’s certified approach.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

See Full Bio