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.

Shares of Circle Internet Group are surging Wednesday morning. The stock is gaining following a legislative reversal in Washington.

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.

After clearing a procedural hurdle in the House of Representatives by a 215-211 vote on 16 July, the GENIUS Act now heads to floor debate, having already secured bipartisan Senate

Circle, the issuer of USDC — the second-largest stablecoin by market capitalization — is set to benefit from the bill, as most of its revenue comes from interest earned on the reserves backing ...

Circle shares remain in focus as stablecoins take center stage in what The House of Representatives have dubbed "Crypto Week.” Monitor these important support and resistance chart levels.

Circle's initial success has made it extremely expensive. Interest rates affect its revenue, and a large chunk of that revenue goes to Coinbase. Stablecoins could shake up the payments industry, but that doesn't mean Circle is a great investment right now.