Trump signs stablecoin law
Digest more
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.
Shares of Circle Internet Group are surging Wednesday morning. The stock is gaining following a legislative reversal in Washington.
The stablecoin regulation bill looked dead in the water on Tuesday, but Trump now indicates progress. Related stocks like Circle are reacting.
Circle shares slid Tuesday after the House blocked a key procedural vote, stalling momentum on legislation the industry has counted on for regulatory clarity.
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, the issuer of USDC — the second-largest stablecoin by market capitalization — is set to benefit from the bill, as most of its revenue comes from interest earned on the reserves backing ...
That strategy will become tricky. Coinbase CEO Brian Armstrong has advocated for bundling the two bills together, arguing that only passing the stablecoin bill may hurt enthusiasm or leverage to get the so-called CLARITY Act passed, which stand to remove crypto tokens — and Coinbase's role in selling them — from regulatory crosshairs.
Circle Internet Group shares surged Wednesday, a day after the Senate passed a bill that would set up federal boundaries for the use of stablecoins.