US Stock Market Move | Stablecoin leader Circle (CRCL.US) continued to rise by over 6%, with a cumulative increase of 420% since its listing.

On Tuesday, the leading stablecoin Circle (CRCL.US) continued to rise by over 6%, with a total increase of 420% since its listing, reaching $160.70. In terms of news, the U.S. Senate is set to make a final vote on the "GENIUS Act" on June 17th (Tuesday) local time. This act, aimed at regulating stablecoins, is expected to be passed, and the crypto industry hopes to enhance its legitimacy through this act. Last Wednesday, the U.S. Senate cleared procedural hurdles by voting 68-30 in favor of an amendment to the "GENIUS Act," paving the way for its passage. This stablecoin act will establish regulatory rules for USD-pegged tokens used for payments.