Circle's shares surge after US Senate passes stablecoin bill

June 20, 2025 01:30 AM PDT | By EODHD

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Circle's shares surge after US Senate passes stablecoin bill — Image source: Kalkine Media

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Investing.com -- Circle Internet Group shares jumped 14% in premarket trading Thursday, extending their rally following the U.S. Senate’s passage of stablecoin legislation. The stablecoin issuer already saw a significant rise of almost 34% on Wednesday after lawmakers approved a bill establishing regulatory rules for cryptocurrencies pegged to the U.S. dollar. The legislation represents a major development for the crypto industry, which has invested heavily in electing crypto-friendly representatives to Congress.

The stablecoin vote marks the industry’s most concrete result from these political investments. Circle’s stock has performed exceptionally well since going public, rising more than 540% from its initial public offering price of $31 as of Wednesday’s market close. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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