Trump signs stablecoin law
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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.
Tether and Circle CEOs laid out their plans for the future after President Trump signed sweeping stablecoin legislation into law.
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.
Circle shares slid Tuesday after the House blocked a key procedural vote, stalling momentum on legislation the industry has counted on for regulatory clarity.
The measure, which passed the U.S. House with broad bipartisan support after clearing the Senate, is now on track to become law. President Trump lobbied Republicans to support it.
Shares of Circle Internet Group are surging Wednesday morning. The stock is gaining following a legislative reversal in Washington.
Jeremy Allaire, Circle CEO, joins 'Money Movers' to discuss stablecoin demand, the future of fintech and crypto.