On June 4, 2025, Circle went public on the New York Stock Exchange under the ticker symbol 'CRCL'. (Source: Reuters, June 18, 2025) Shares were priced at $31 each, resulting in a valuation of approximately $6.9 billion. The IPO was oversubscribed by 25 times, indicating strong investor confidence.
The U.S. Senate passed the GENIUS Act on June 17, 2025, establishing a federal regulatory framework for stablecoins. (Source: Reuters, June 17, 2025) This bipartisan legislation requires stablecoins to be backed by liquid assets and mandates monthly disclosure of reserve compositions.
The bill now awaits approval in the House of Representatives. Despite some criticism, the legislation's passage reflects a rare bipartisan consensus. The combination of Circle's IPO and the impending regulatory framework suggests a promising future for digital assets.