3 US Crypto Stocks to Watch After the GENIUS Act Passes

US crypto stocks continue to attract attention today after the Senate passed the GENIUS Act - the first federal law establishing a legal framework for stablecoin.

Before this event, important stocks to watch include Coinbase's COIN and Circle's CRCL, with Galaxy Digital's GLXY standing out due to recent ecosystem updates.

Coinbase Global (COIN)

COIN price has increased over 15% after the Senate passed the GENIUS Act, creating the first federal legal framework for stablecoin.

In addition to the upward momentum, yesterday the exchange announced the launch of Coinbase Payments, a new stablecoin transaction network that allows USDC payments on major e-commerce platforms like Shopify and eBay.

These developments have led to a strong price surge in COIN today. The stock has increased 16% in the past 24 hours, reflecting increased investor confidence.

The Chaikin Money Flow (CMF) index surged on the daily chart, confirming an increase in buy orders. At the time of writing, this momentum index is on track to cross the zero line at 0.04.

The CMF index measures money flow in and out of an asset. Indices above zero indicate that buying pressure is dominating among traders. If this continues, it could push COIN price above $305.42.

However, if demand decreases, the stock price could drop to $270.61.

Circle Internet Group (CRCL)

Circle's stock has surged since its IPO on 06/05. On Tuesday, CRCLE increased 33% after the Senate passed the GENIUS Act. Currently, it is trading at $199.59, more than five times its IPO price of $31.

On the daily chart, the stock's Accumulation/Distribution (A/D) line is at 24 million, increasing over 250% in the past day.

The A/D line measures money flow in or out of an asset by combining price and volume data. When the A/D line increases, it indicates buying pressure outweighing selling pressure, suggesting potential price increases.

If this trend continues, CRCL may surpass its all-time high of $200.90, extending its upward momentum.

Conversely, if buying pressure decreases, the stock value could drop to $168.59.

Galaxy Digital (GLXY)

Galaxy's GK8 has partnered with Polymesh to provide institutional custody and secure staking for POLYX, enabling compliant and highly secure staking through its Impenetrable Vault.

This move strengthens institutional access to managed digital assets, especially in South Korea, where POLYX is experiencing rapid growth and adoption.

This has reinforced GLXY's performance, recording a 4% price increase in the past day. At the time of writing, the stock's Relative Strength Index (RSI) is rising, preparing to cross the neutral line. This emphasizes demand for GLXY.

The RSI index measures an asset's overbought and oversold market conditions. It oscillates from 0 to 100. Values above 70 indicate the asset is overbought and may decrease in price, while values below 30 suggest the asset is oversold and may recover.

At 48.53 and rising, GLXY's RSI signals that buying momentum is increasing. This suggests potential further increases if optimistic sentiment continues strongly. In this case, the stock price could break through the resistance level at $19.57 and rise to $21.30.

Conversely, if demand decreases, the stock value could drop to $17.40.