Crypto & Blockchain Stocks Benefit From Favorable Policy Tailwinds
Cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, Dogecoin, XRP, stablecoins and other altcoins operate on blockchain networks, decentralized systems that leverage advanced cryptography to ensure secure, transparent and immutable record keeping. This tamper-resistant infrastructure continues to fuel widespread adoption and investor confidence.
The regulatory environment is shifting in favor of digital assets. The GENIUS Act, passed on July 17, establishes a legislative foundation for stablecoins, which benefits the likes of Circle Internet Group CRCL that offers USDC. Pending measures — including the CLARITY Act and the Anti-CBDC Surveillance State Act — suggest continued progress. In August, Wyoming announced its plan to issue its own stablecoin, the Frontier Stable Token. Illinois enacted the Digital Assets and Consumer Protection Act, which allows the Illinois Department of Financial and Professional Regulation to regulate and supervise digital asset exchanges and other digital asset businesses.
U.S. policy direction under President Donald Trump has further supported the market. Securities and Exchange Commission’s (SEC) Spring 2025 Regulatory Agenda introduces potential rules, including amendments to Exchange Act Rules to account for the trading of crypto assets on Alternative Trading Systems and national securities exchanges, as well as rules relating to the offer and sale of crypto assets. In September, the Nasdaq filed a Form 19b-4 with the SEC, proposing rule changes that would allow trading of equity securities and exchange-traded products (ETPs) in “tokenized form” (utilizing blockchain technology) on Nasdaq. This bodes well for major exchanges like Coinbase COIN, Robinhood HOOD and CME Group CME.
Bitcoin, the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. However, volatility remains a headwind. Over the trailing 12 months, bitcoin has traded between a low of $67,839.67 and a high of $124,714.85. Over the past seven days, bitcoin has decreased 9%.
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Circle Internet Group offers USDC stablecoin, which is redeemable on a one-for-one basis for U.S. dollars and is backed by reserves consisting of highly liquid, price-stable cash and cash equivalents. As of Oct. 30, $75.85 billion USDCs were in circulation, rising from $61.3 billion at the end of the second quarter of 2025. An expanding partner base, which includes the likes of Kraken, Binance, Corpay, FIS, Fiserv, OKX, Finastra and Fireblocks, is noteworthy.
Circle’s focus on developing USDC-based payment infrastructure is expected to boost growth prospects over the long term. This Zacks Rank #3 (Hold) company has now made Arc, its new open Layer-1 blockchain purpose-built for onchain financial applications and enterprise adoption, available for public testnet. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Circle has been taking initiatives to boost stablecoin adoption for payments. Arc supports programmable capital markets, global payments, and tokenized assets with predictable dollar-based fees, sub-second finality, optional privacy, and native integration with Circle’s platform products, including USDC. Circle Payments Network is a platform for financial institutions to use stablecoins for payments, with more than 100 institutions in the pipeline. Circle Gateway, introduced in July, enables seamless cross-chain USDC usage and is currently supported by eight new blockchain partners.
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