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The USDC Stablecoin Circle USDC shares jumped 33% on Tuesday after the US Senate adopted the Landmark Genius Stablecoin Act and President Donald Trump urged legislators to move “fast lightning” to bring the bill to its office.
Circle Stock (CRCL) closed $ 199.59 on the New York Stock Exchange (NYSE), Google Finance data Spectacles and climbed an additional 6% trade after opening hours.
“Bring him to the May Office as soon as possible,” Trump explains to the legislators
The sharp increase in Circle’s stock prices occurred after the guidance and the establishment of national innovation for American stablecoins (GENIUS) The law was adopted by the Senate with bipartisan support. This historic bill is the first legislature focused on the crypto to adopt the Senate, and now goes to the House of Representatives.
If the bill adopts the Chamber, he will then head to the office of President Trump for final approval. Trump brought his social media platform Truth Social to urge legislators to bring the bill to his office “as soon as possible – no delays, no addition”.
Thank you president @Realdonaldtrump For having kept your promise to make the United States the cryptographic capital of the planet! pic.twitter.com/wazviaej6m
– David Sacks (@ davidsacks47) June 19, 2025
“The Senate has just adopted an incredible bill that will make America the undisputed leader of digital assets”, Trump said. “The house will hope, lightning quickly and will take an act of” clean “genius”, he added.
The slight republican majority could push the genius Act Past House
The Republicans have a small majority on the Democrats in the House. According to data From Bloomberg, there are 213 democrats and 220 Republicans.
Today brings us one step closer to become a welcoming house for digital asset companies. Now, let’s finish legislation on the structure of the labor market and adopt @Potus“Vision to become the cryptographic world capital. pic.twitter.com/tyz6kbc5qk
– Senator Cynthia Lummis (@Enlummis) June 18, 2025
The recent vote of the Senate also saw an increase in the number of democrats in favor of the bill. While vocal critic Crypto Elizabeth Warren opposition The act, other Democrats, said that nothing was an option.
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