CRCL Rocket: Circle Stock Soars 20% as US House Greenlights Landmark Crypto Bill

Crypto just got its biggest political win yet—and Circle's riding the wave.

The House's surprise yes vote on the Digital Asset Market Structure Act sent shockwaves through markets, with CRCL leading the charge. Traders piled in as regulatory clarity became more than just a pipe dream.

Wall Street's playing catch-up...again

While traditional finance analysts were busy downgrading crypto stocks last quarter, the blockchain economy kept building. Now the 'uninvestable' sector just got legitimized overnight—and the shorts are getting squeezed.

This isn't just about one company. The bill effectively puts stablecoins like USDC on the same compliance footing as bank deposits. That's game-changing liquidity for the entire ecosystem.

Of course, the Senate still needs to vote—and we all know how quickly DC moves. But for now? The market's voting with its wallet. CRCL up, bears in shambles, and another reminder that crypto outpaces legacy finance at every turn.

More About the Crypto Bills Up For Debate

The new bill aims to set rules for crypto tokens pegged to the value of the US dollar or another traditional currency. The legislation would help turn stablecoins into a mainstream form of payment for millions of users. An acronym for Guiding and Establishing National Innovation For US Stablecoins for 2025, the act prioritizes the usage of stablecoins and their integration into official government ordeals.

The crypto stablecoin bill proposal hasn’t been met with full appreciation, however. Banks, especially smaller ones, have warned about a potential drain on deposits and, consequently, access to credit. Larger banks are considering issuing their own stablecoins, which generate profits from interest on the reserves. Several top banks are anticipating approval and looking to launch their own stablecoin products, including JPMorgan and Bank of America.

Republicans, who mostly support the crypto bills, hold a slim majority in the chamber. However, they will need some Democratic support to pass the legislation, which remains up in the air. It is expected that upon approval, US President Donald TRUMP will approve the bill once it reaches his desk.