Things keep getting spicier for Circle (CRCL) stock. Following the Senate’s landmark stablecoin vote a couple of days ago, the crypto sphere is still buzzing with momentum. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵 After years of regulatory uncertainty,

Shares of the first publicly-traded stablecoin company Circle continued to surge on Friday after the Senate passed legislation that would establish a regulatory framework for stablecoins, a type of cryptocurrency designed to maintain a value in line with the U.

Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.