Circle Internet (CRCL) Soars 19% on Optimism for Genius Act Passage

We recently published 10 Stocks Exploding Higher: Bitcoin Miners Dominate the List. Circle Internet Group (NYSE:CRCL) is one of Wednesday’s top performers.

Circle Internet rallied by 19.39 percent on Wednesday to end at $233.2 apiece as investors remained optimistic about the passage of three bills that would regulate the framework for digital coins and cryptocurrencies, while repositioning portfolios ahead of its second quarter earnings results.

In a statement, Circle Internet Group (NYSE:CRCL) said that it would release the results of its second quarter financial and operating performance on August 12, 2025. A live webcast will be held at 8 AM to discuss the results.

Meanwhile, investors remained hopeful for the passage of three bills—the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act, which seek to advance the use of stablecoins and cryptocurrencies in the US.

Circle Internet (CRCL) Soars 19% on Optimism for Genius Act Passage

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Weeks earlier, Circle Internet Group (NYSE:CRCL) announced the official submission of an application with the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A.

If approved, the bank would be authorized to operate as a fully regulated trust institution and would oversee the management of the USDC stablecoin reserve on behalf of Circle.

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Disclosure: None. This article is originally published at Insider Monkey.