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,

Shares of Circle are up 53%, soaring from $148 to $227, since the market opened on Wednesday after the legislation passed in the Senate on Tuesday night. Shares of other crypto-related companies increased on the news with Coinbase, the leading crypto exchange in the U.S., gaining 20% since Wednesday.

Shares of stablecoin issuer Circle and crypto exchange Coinbase surged on Wednesday after the U.S. Senate passed a landmark stablecoin bill, boosting hopes of wider adoption for a once-niche part of the crypto sector.