Trump signs stablecoin law
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Jim Cramer warns Circle may lose its edge as BlackRock and Fidelity eye stablecoins, even as Circle stock hits an all-time high post-GENIUS Act.
The stablecoin regulation bill looked dead in the water on Tuesday, but Trump now indicates progress. Related stocks like Circle are reacting.
Shares of Circle Internet Group are surging Wednesday morning. The stock is gaining following a legislative reversal in Washington.
A key federal banking regulator is set to receive a wave of charter applications under stablecoin legislation heading to President Donald Trump, potentially stretching the agency’s capabilities even as its workforce shrinks.
Jeremy Allaire, Circle CEO, joins 'Money Movers' to discuss stablecoin demand, the future of fintech and crypto.
Circle shares slid Tuesday after the House blocked a key procedural vote, stalling momentum on legislation the industry has counted on for regulatory clarity.
Paolo Ardoino, Tether's chief, said his firm will come to the U.S., is chasing high-level auditing and will adjust reserves, but Jeremy Allaire said Circle is already compliant.
Circle shares remain in focus as stablecoins take center stage in what The House of Representatives have dubbed "Crypto Week.” Monitor these important support and resistance chart levels.
The measure, which passed the U.S. House with broad bipartisan support after clearing the Senate, is now on track to become law. President Trump lobbied Republicans to support it.
Circle, issuer of the USDC stablecoin, jumped nearly 20% after the GENIUS Act passed the Senate. Coinbase, which co-founded USDC and earns 50% of its revenue with Circle, rose almost 10%.