In an electrifying week for digital assets, the global crypto market soared past an unprecedented $4 trillion mark. But while Bitcoin hitting new all-time highs is now considered old news, what’s truly capturing attention is the sudden surge in crypto-related stocks like Coinbase and Robinhood, as well as altcoins like XRP and Ethereum. The catalyst? The newly signed GENIUS Act — a sweeping piece of pro-crypto legislation enacted by former President Donald Trump.
The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is the first comprehensive crypto bill in the U.S., and it has transformed the market overnight. Here’s everything you need to know about this legislative bombshell and the explosive reaction from crypto traders and Wall Street alike.
GENIUS Act: A Game-Changer for Stablecoins and Beyond
On Friday, Trump officially signed the GENIUS Act into law. The legislation provides a federal framework for digital assets, particularly stablecoins, allowing U.S. banks to issue their own digital dollars. This is monumental — it not only legitimizes stablecoins but also encourages mainstream adoption from financial institutions.
The bill passed with bipartisan support, 308 to 122, and was accompanied by two other landmark acts: the CLARITY Act (which helps determine whether cryptos are securities) and the Anti-CBDC Surveillance State Act (which prevents the Federal Reserve from launching its own digital currency).
Bitcoin: Quietly Dominating
Bitcoin retested the $120,000 level, bolstering its market dominance to over 60%. With a market cap now north of $2.4 trillion, BTC is bigger than even Alphabet (GOOGL). This price surge, while impressive, wasn’t even the main headline — which just shows how normalized Bitcoin’s dominance has become.
Coinbase (COIN): From SEC Target to Wall Street Darling
Coinbase stole the spotlight by surging over 8% to hit a record session high of $445, giving it a market cap north of $100 billion. As the leading institutional crypto exchange in the U.S., Coinbase is poised to benefit the most from the GENIUS Act. Institutional investors now have a regulatory green light to enter crypto, and Coinbase is their most compliant and secure gateway.
Year-to-date, Coinbase stock is up 63%, and it’s rapidly reclaiming its status as a market darling after weathering years of regulatory uncertainty.
Robinhood (HOOD): From Meme Stock to Major Player
Robinhood shocked markets by reaching an all-time high of $113, boasting a 180% surge in 2025 alone. Traditionally known for its meme-stock moments, Robinhood has been quietly building a robust crypto trading platform. With a favorable legal environment and Trump vowing to undo previous anti-crypto policies, Robinhood’s pivot to crypto is now paying off.
Stablecoins: The Boring Coins Are Big Business Now
While stablecoins like USDC and USDT were once overlooked, they are now at the center of institutional interest. JPMorgan CEO Jamie Dimon recently announced plans to launch a bank-backed stablecoin, marking a monumental shift in traditional finance’s stance.
Thanks to the GENIUS Act, banks can now issue FDIC-insured stablecoins — a move that could challenge the dominance of current market leaders like Circle and Tether.
XRP: A Surprise Contender Returns
XRP surged over 60% in two weeks, crossing the $3.50 mark and nearing its all-time high. With legal pressures easing and the new federal guardrails in place, Ripple’s token is no longer the regulatory pariah it once was. Its use case for cross-border payments may gain traction as institutions seek fast and compliant settlement rails.
Ethereum (ETH): The Quiet Climber
Ethereum is steadily inching toward $4,000, up 50% in two weeks. As the foundation for stablecoins, DeFi, and tokenized real-world assets, Ethereum is essential infrastructure. With the regulatory fog lifting, ETH is being revalued more as a core investment asset than just a tech platform.
The rise in ETH ETFs and tokenized Treasuries also signals institutional validation of Ethereum’s utility and reliability.
Washington Wakes Up to Web3
For the first time, Congress has passed meaningful crypto legislation without a hidden agenda. The GENIUS Act and its companion bills represent a turning point. Trump’s pro-crypto stance has now created a roadmap for innovation, investment, and regulatory clarity.
Crypto is no longer just a niche — it’s a political force and financial revolution.
Conclusion
The GENIUS Act has set off a chain reaction across financial markets. From legitimizing stablecoins to unlocking institutional capital, this landmark legislation could very well mark the beginning of a new era for crypto. Bitcoin, Ethereum, XRP, Coinbase, and Robinhood are just the tip of the iceberg in what appears to be the most bullish phase of crypto history.
As Washington warms to Web3 and investors pour in, the message is clear: The crypto revolution is here — and it’s only just beginning.
FAQs
Q1: What is the GENIUS Act?
A: The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is a U.S. law that provides a legal framework for stablecoins and digital assets, allowing banks to issue their own regulated stablecoins.
Q2: Why did crypto markets surge after the GENIUS Act passed?
A: The act legitimizes crypto at the federal level, attracting institutional investors and clearing legal uncertainty, which caused a massive price rally.
Q3: How did Coinbase benefit from the GENIUS Act?
A: Coinbase is the leading institutional crypto exchange in the U.S. and stands to gain from increased trading volume and custody services due to legal clarity.
Q4: Is XRP making a comeback?
A: Yes. With easing legal concerns and new regulations, XRP is gaining traction again as a viable solution for cross-border payments.
Q5: Are stablecoins now safer?
A: Yes. U.S. banks can now issue FDIC-insured stablecoins, making them safer and more attractive for both retail and institutional investors.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.