MSTR and Other Stocks To Watch Amid Newly Passed Digital Currency Bills

Key Highlights

• The US House of Representatives has given favorable votes to three crypto bills: CLARITY, GENIUS, and Anti-CBDC Surveillance State.
• The crypto market is watching the impact of crypto stocks like MSTR, CRCL, and COIN.
• MSTR and COIN stocks have exhibited diverse momentum as volatility rocks the ecosystem.

This week is ending on a good note for the crypto market with Circle Internet Group (CRCL), Coinbase (COIN), and Strategy (MSTR) stock in the spotlight.

The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act successfully passed the U.S. House of Representatives after a 10-hour voting session.

This development has brought shares of Strategy, Circle, and Coinbase under the market’s radar. Market participants are watching to see the direction of these stocks’ prices over the next few days.

CLARITY, GENIUS, and Anti-CBDC Surveillance State Acts Move Forward

Crypto In America Journalist Eleanor Terrett provided updates on all three crypto bills in a post on X.

According to Eleanor, the CLARITY, GENIUS, and Anti-CBDC Surveillance State Acts passed the House despite days of drama and uncertainty.

The CLARITY Act passed in a vote of 294-134. Surprisingly, 78 Democrats voted in favor, more than double the approximately 35 expected.

Introduced by Representative French Hill on May 29, 2025, the CLARITY Act aims to answer the long-debated question of who regulates crypto in the US.

Many have questioned whether the Securities and Exchange Commission (SEC) or the Commodities Futures and Trading Commission (CFTC) governs the market.

A key provision of the CLARITY Act is to establish consistent legal definitions for terms such as blockchain, digital asset, and digital commodity, thereby avoiding confusion. This is in addition to the existing split of oversight between the SEC and the CFTC.

The second bill, the GENIUS Act, passed in a vote of 308-122, with 102 Democrats voting in favor. This bill has moved to the desk of President Donald Trump.

Once signed by Trump, the GENIUS Act will become the first significant piece of crypto legislation signed into law.

Strategy MSTR Stock in Spotlight

The CLARITY Act could drive growth for MSTR stock by providing regulatory certainty and attracting institutional investment for Strategy.

A consistent nationwide framework simplifies compliance, which could enhance profitability for Strategy.

Recall that Strategy is well-known for its consistent accumulation of Bitcoin (BTC). The firm currently holds a total of 601,550 BTC, valued at about $71.5 Billion. With Bitcoin presently seeing renewed momentum, MSTR could follow on a bullish path.

According to data from Google Finance, MSTR stock is down 4.7% over the past 24 hours to $430.11.

Despite this slight drawdown, investment bank TD Cowen raised the Strategy MSTR stock price target from $590 to $680.

How Circle CRCL Reacted to GENIUS Passing

The GENIUS Act creates a federal framework for stablecoins. The legislation mandates transparency, audits, and anti-money laundering (AML) compliance from stablecoin issuers.

Circle, with high exposure to stablecoins, is likely to benefit from increased institutional adoption and integration into payment systems.

Circle is the issuer of the second-largest stablecoin, USDC, with a market cap of $64.4 billion.

CRCL stock rose 4% earlier this week despite recent setbacks to the GENIUS Act.

Some House members temporarily halted the bill due to concerns that the legislation might enable the creation of a CBDC.

Momentum for CRCL has since continued, with the price currently at $234. Within the past 24 hours, the value of CRCL stock initially jumped by 7.9%, but it is now down 0.46% according to Google Finance data.

Coinbase COIN Jumps Reaction

The third bill, Anti-CBDC, passed in a vote of 219-210, with 2 Democrats voting in favor.

This Act prohibits the Federal Reserve from issuing a CBDC directly to individuals or indirectly through a third party. Supporters have cited concerns over financial surveillance and privacy.

Thus, the Anti-CBDC Act preserves the role of private cryptocurrencies and stablecoins as alternatives to central bank digital currencies.

This potentially increases demand for crypto stocks tied to decentralized assets.

Coinbase COIN stock already appears to be benefiting from the passage of the anti-CBDC. COIN has rallied more than 3% and its currently priced at $425 per share.