Crypto Stocks Surge as Trump Signs Stablecoin Regulation Law — Ethereum, Solana Lead Market Rally

Shares of crypto-linked companies surged on Monday following President Donald Trump’s signing of the GENIUS Act, a landmark bill that establishes the first comprehensive U.S. regulation for stablecoins. This move was heralded as a major victory by the crypto industry, which has long sought clearer regulatory frameworks. The law was passed with bipartisan support, gaining a 308 to 122 vote in the House and earlier approval in the Senate.

The bill includes a controversial provision: it bans yields or interest payments on regulated stablecoins. Analysts from Deutsche Bank suggest this is causing investors to shift toward Ethereum (ether), which plays a key role in decentralized finance (DeFi) and yield-generating applications. Ether prices rose significantly, reaching $3,783 — near their highest point since December 2024 — while Bitcoin also gained around 1%, staying just below last week’s record high of $123,153.

Crypto-focused stocks responded positively. BitMine, backed by Peter Thiel and chaired by Tom Lee, jumped 5.3%, while other firms such as Bit Digital, BTCS, and SharpLink Gaming saw gains ranging from 3.1% to 12.6%. Circle Internet, a major stablecoin issuer, and crypto exchange Coinbase also recorded modest advances of around 2%. GameSquare Holdings climbed 4.6% after announcing plans to raise capital for crypto-related investments.

GameStop and other companies continue the trend of adding crypto to their corporate balance sheets, following the example of Strategy Inc., which holds the most bitcoin among corporations. Strategy’s stock, up nearly 3,000% since 2020, gained another 2.2% on Monday. Market enthusiasm extended beyond the majors, with Solana hitting its highest point since February and the ProShares Ultra Solana ETF surging over 16%.

With growing institutional adoption, regulatory clarity, and continued price momentum, the total market capitalization of the crypto sector crossed $4 trillion on Friday, according to CoinGecko. The GENIUS Act, seen as a legitimizing force, may signal a new phase of growth for the digital asset industry in the U.S. and beyond.

Source: Reuters