Crypto Stocks Surge as New U.S. Stablecoin Law Boosts Market Confidence
On July 21, 2025, the crypto market witnessed a significant rally following President Donald Trump's signing of the GENIUS Act, a landmark U.S. legislation regulating stablecoins. This bill, which gained bipartisan support, bans yields or interest payments on regulated stablecoins but has been celebrated as a major regulatory advancement for the crypto industry.
As a result, Ethereum prices climbed as investors shifted from stablecoins to decentralized finance (DeFi) platforms to seek yield opportunities. Ether traded near $3,783.2, the highest since December 2024, while Bitcoin rose about 1%, hovering close to its all-time high of $123,153.
Crypto-linked stocks also surged with companies like BitMine, Bit Digital, BTCS, SharpLink Gaming, and Coinbase posting gains between 1.9% and 12.6%. Circle Internet and GameSquare Holdings saw increases, with GameSquare planning further crypto investment funding. Other firms such as GameStop and Strategy have continued to expand their crypto asset holdings, reinforcing confidence in digital assets.
Solana's valuation reached levels unseen since February, boosting the ProShares Ultra Solana ETF by a remarkable 16.2%. The overall crypto market capitalization topped $4 trillion, highlighting growing mainstream acceptance.
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This regulatory clarity and market momentum signal a bright future for cryptocurrencies and related stocks. Staying updated through platforms like Bitlet.app can help investors harness opportunities in this evolving landscape.
