PANews reported on May 12th that, according to BIT analysis, Circle's stock price surged 16% overnight and is currently approaching its March 2026 high. As mentioned yesterday, this week may be a crucial juncture for the Clarity Act. The market generally believes that Circle is the most direct beneficiary, and this surge reflects the market's anticipation of easing regulatory uncertainty.

It's worth noting that USDC's market capitalization has maintained steady growth recently. Circle's recent surge reflects more of a market-driven pricing in potential policy and regulatory benefits than a significant improvement in short-term fundamentals. Further clarification of digital asset regulations could not only support Bitcoin but also encourage more institutional participation in the market.