The crypto dam didn’t break with a bang. It cracked with a vote. On Tuesday, the Senate passed the GENIUS Act with a strikingly bipartisan 68-30 tally. For a country that’s spent years lobbing political grenades across the aisle,

Circle shares extended gains as investors cheered the Senate approval of its proposed stablecoin legislation, the GENIUS Act. Circle is on pace to end the week higher by almost 50%. It has rocketed more than 500% since its initial public offering on June 5.

Circle Internet Group shares are up 8% in premarket trading Friday, extending gains they have made since the Senate passed the GENIUS Act to establish a federal framework around the use of stablecoins.