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Circle (CRCL) Jumps 34% as Stablecoin Bill Clears Senate, Extending Post-IPO 500% Rally

Summary by Coin Desk
Circle (NYSE: CRCL) soared 34% on Wednesday, adding another 6% after-hours, as the U.S. Senate passed a landmark bill laying the groundwork for regulated, dollar-backed stablecoins.The move pushed Circle's stock to $199.59 on Wednesday's closing, with a high of $211.87 in after-hours trading. The stock is now up over 540% since its June 5 debut, marking one of the fastest climbs for a crypto stock after opening to the public.The GENIUS Act outli…

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The regulatory expectations around the stablecoin would be enhancing Circle's success in the US market, motivating other crypto firms to take the step sooner rather than later. *** The action of Circle (CRCL) rose 33.8% in a single day, and more than 530% since its debut on June 5. The approval of the GENIUS Act on stables boosted interest in companies such as Circle and Coinbase. USDC, the stablecoin issued by Circle, already represents 25% of …

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crypto.news broke the news in on Thursday, June 19, 2025.
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