Circle Stock Skyrockets 45% Weekly After Senate Stablecoin Law, Tests $200
Circle’s blockbuster IPO and a major pro-stablecoin Senate vote have reignited optimism in the crypto space, with Circle stock and related..
Quick overview
- Circle's IPO on the New York Stock Exchange saw shares surge 420% from the initial pricing, reflecting strong market enthusiasm.
- The U.S. Senate's passage of the GENIUS Act provided regulatory clarity for stablecoins, boosting confidence in the crypto market.
- Despite ARK Invest selling shares, Circle's stock continued to rise, indicating strong investor belief in the company's long-term prospects.
- The positive momentum from Circle's success and the GENIUS Act is seen as a pivotal moment for integrating crypto into mainstream finance.
Circle’s blockbuster IPO and a major pro-stablecoin Senate vote have reignited optimism in the crypto space, with Circle stock and related assets soaring on regulatory clarity.
Regulatory Clarity Spurs Rally in Stablecoin-Linked Stocks
A powerful tailwind swept through the digital assets sector this week as the U.S. Senate passed the GENIUS Act, a landmark law providing regulatory clarity for stablecoins. With the vote passing by a strong 68–30 margin, markets interpreted the move as a pivotal moment that could help integrate blockchain assets into mainstream finance.
Crypto-aligned stocks jumped in response. The vote created renewed confidence in the legal environment for issuers like Circle Internet Financial, the company behind the USDC stablecoin. Investors cheered the breakthrough legislation, which effectively establishes a legal framework for dollar-backed digital tokens.
Circle’s IPO Delivers a Stunning Public Market Debut
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GENIUS Act Lifts Stablecoin Sentiment as Circle Shares Surge
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At the center of this market frenzy was Circle’s highly anticipated IPO on the New York Stock Exchange. The company’s shares opened at $69, valuing the company near $18 billion, but the momentum didn’t stop there. Shares closed the week at $133—a staggering 420% gain from the IPO pricing of $31.
Circle Stock Chart Daily – 700% Higher in Two Weeks
By Monday morning, momentum had only grown. Circle opened the session at $147 and soared another 28% during the day, reaching an intraday high of $196.50 and pushing weekly gains to 45%. The move was driven by overwhelming retail and institutional interest amid the newfound regulatory clarity.
ARK Invest Sells Circle Shares, But Market Stays Bullish
Even heavy insider activity couldn’t dampen the rally. ARK Invest, known for bold plays in disruptive tech, sold nearly 300,000 shares of Circle across two of its funds. Despite the sell-off, Circle’s stock still closed higher, showing investor resilience and bullish conviction in the stablecoin issuer’s long-term outlook.
This sustained rally in the face of profit-taking underlines the market’s belief in Circle’s business fundamentals, especially as regulated stablecoins appear poised to become a critical layer in the evolving digital financial system.
Coinbase and Other Crypto Stocks Follow Suit
Circle’s surge also boosted other crypto-exposed equities. Notably, Coinbase (NASDAQ: COIN) jumped nearly 20% on the day, as investors extrapolated benefits for tokenized asset platforms and trading venues. The passage of the GENIUS Act is being seen as a green light for broader institutional adoption, not just for stablecoins but for blockchain financial infrastructure as a whole.
The move underscores that regulatory momentum can act as a powerful catalyst for both private and public crypto enterprises.
Conclusion: A Defining Week for Crypto’s Integration Into Traditional Finance
Between Circle’s astonishing IPO and the U.S. Senate’s approval of the GENIUS Act, the crypto industry has just experienced one of its most legitimizing moments to date. The sharp rise in Circle stock reflects growing confidence in stablecoins as a compliant, scalable financial product.
As regulatory walls come down and institutional support grows, Circle and peers are well-positioned to bridge traditional finance and blockchain-based innovation—a theme that could define the next wave of growth in digital assets.
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