<p><strong>Circle Internet Group</strong>(CRCL 20.92%) 的股票在国会山的所谓 &#34;加密周&#34; 中波动不定。例如，周二由于立法者在程序问题上出现障碍，股票下跌了 4.6%，这可能会推迟对几项加密货币监管法案的投票。</p>
<p>但 Circle 的股票在周三飙升，截至东部时间下午 1:25 上涨了 17.1%。程序性障碍今天可能会得到解决，从而使加密周的监管行动恢复正轨——这还不是全部。</p>
<h2>国会山的加密戏剧</h2>
<p>除了对待待决加密法案的新进展迹象外，特朗普政府还在与美联储对抗。多家新闻媒体报道称，特朗普想要解雇美联储主席杰罗姆·鲍威尔，而鲍威尔对降息措施的谨慎管理并不总是与白宫的议程一致。</p>
<p>Circle Internet 密切关注美联储的利率调整。该公司几乎完全通过对其巨额现金储备的利息收入获利，这些储备支持着 <strong>USDC</strong>(USDC 0.00%) 稳定币的恒定 1 美元价值。根据 2024 年底 Circle 为 USDC 支持所持有的 440 亿美元储备，降低联邦利率 1 个百分点将使 Circle 的底线收益至少减少 5 亿美元。</p>
<p>自那时以来，USDC 的市场价值已上升至 633 亿美元，这增加了联邦利率对 Circle 财务结果的影响。今天飙升的股价表明，投资者预计如果特朗普推动解雇鲍威尔，可能会出现动荡，甚至更高的利率。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU1MTcvcGh5c2ljYWwtY29pbnMtZ2F2ZWwuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU1MTcvcGh5c2ljYWwtY29pbnMtZ2F2ZWwuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>接下来会发生什么？</h2>
<p>特朗普否认他计划解雇鲍威尔，而行政部门可能没有权力解除美联储官员的职务。因此，政治压力将如何影响鲍威尔的利率调整仍有待观察。今天的巨大价格跳升如果没有国会投票戏剧加剧对美联储的猜测，将是没有意义的。</p>
<p>在最理想的情况下，加密货币市场可能在本周结束时迎来期待已久的监管框架。无论规则是在鲍威尔的领导下实施还是由其他美联储主席实施，加密投资者都渴望监管的清晰性。作为领先的稳定币管理者，Circle Internet 是加密政治发展的一个有用风向标。</p>
<p>此外，Circle 刚刚将 8 月 12 日定为其作为上市公司的首次财务报告日期。我迫不及待想看到这个稳定币发行商的真实业绩。</p>

CRCL

<p>Circle Internet Group (CRCL) 的股票在华盛顿特区经历了一周波动的 “加密周” 中上涨了 17.1%。尽管由于立法延误早前出现下跌，但该股的上涨是由于加密货币监管法案的程序性进展。投资者对美联储领导层可能的变化做出反应，随着对特朗普总统关于美联储主席杰罗姆·鲍威尔意图的猜测增加，Circle 的收益与利率密切相关，这对其 USDC 稳定币有重大影响。该公司定于 8 月 12 日发布作为上市公司的首份财务报告，投资者对此充满期待</p>

<p>Shares of <strong>Circle Internet Group</strong>(CRCL 20.92%) have been volatile in this so-called &#34;crypto week&#34; on Capitol Hill. For instance, the stock fell 4.6% on Tuesday as lawmakers stumbled over a procedural issue, probably delaying any votes on several cryptocurrency regulation bills.</p>
<div class="lb-trans"><p><strong>Circle Internet Group</strong>(CRCL 20.92%) 的股票在国会山的所谓 &#34;加密周&#34; 中波动不定。例如，周二由于立法者在程序问题上出现障碍，股票下跌了 4.6%，这可能会推迟对几项加密货币监管法案的投票。</p>
</div><p>But Circle's stock soared on Wednesday, gaining 17.1% by 1:25 p.m. ET. The procedural roadblocks may clear up today, perhaps getting the crypto week regulatory actions back on track -- and that's not all.</p>
<div class="lb-trans"><p>但 Circle 的股票在周三飙升，截至东部时间下午 1:25 上涨了 17.1%。程序性障碍今天可能会得到解决，从而使加密周的监管行动恢复正轨——这还不是全部。</p>
</div><h2>Crypto drama on Capitol Hill</h2>
<div class="lb-trans"><h2>国会山的加密戏剧</h2>
</div><p>Beyond the new signs of progress on the pending crypto bills, the Trump administration is facing off against the Federal Reserve. Several news outlets said that Trump wants to fire Fed chairman Jerome Powell, whose careful management of interest-lowering moves doesn't always align with the White House's agenda.</p>
<div class="lb-trans"><p>除了对待待决加密法案的新进展迹象外，特朗普政府还在与美联储对抗。多家新闻媒体报道称，特朗普想要解雇美联储主席杰罗姆·鲍威尔，而鲍威尔对降息措施的谨慎管理并不总是与白宫的议程一致。</p>
</div><p>Circle Internet keeps a close eye on the Fed's interest rate adjustments. The company makes money almost exclusively by earning interest on its massive cash reserves, which are backing the constant $1 value of the <strong>USDC</strong>(USDC 0.00%) stablecoin. Lowering the federal interest rate by 1 percentage point would lower Circle's bottom-line earnings by at least $500 million, based on the $44 billion Circle held in reserve for USDC support at the end of 2024.</p>
<div class="lb-trans"><p>Circle Internet 密切关注美联储的利率调整。该公司几乎完全通过对其巨额现金储备的利息收入获利，这些储备支持着 <strong>USDC</strong>(USDC 0.00%) 稳定币的恒定 1 美元价值。根据 2024 年底 Circle 为 USDC 支持所持有的 440 亿美元储备，降低联邦利率 1 个百分点将使 Circle 的底线收益至少减少 5 亿美元。</p>
</div><p>USDC's market value has risen to $63.3 billion since then, which increases the impact Federal interest rates will have on Circle's financial results. Today's soaring stock price suggests that investors expect turmoil and maybe even higher interest rates if Trump pushes out Powell.</p>
<div class="lb-trans"><p>自那时以来，USDC 的市场价值已上升至 633 亿美元，这增加了联邦利率对 Circle 财务结果的影响。今天飙升的股价表明，投资者预计如果特朗普推动解雇鲍威尔，可能会出现动荡，甚至更高的利率。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU1MTcvcGh5c2ljYWwtY29pbnMtZ2F2ZWwuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F825517%2Fphysical-coins-gavel.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>What's next?</h2>
<div class="lb-trans"><h2>接下来会发生什么？</h2>
</div><p>Trump has denied that he's planning to fire Powell, and the executive branch may not have the authority to remove Federal Reserve officials anyhow. So it remains to be seen how the political pressure might affect Powell's rate adjustments. Today's huge price jump wouldn't make sense without the congressional voting drama amplifying the Fed speculation.</p>
<div class="lb-trans"><p>特朗普否认他计划解雇鲍威尔，而行政部门可能没有权力解除美联储官员的职务。因此，政治压力将如何影响鲍威尔的利率调整仍有待观察。今天的巨大价格跳升如果没有国会投票戏剧加剧对美联储的猜测，将是没有意义的。</p>
</div><p>In the best of all worlds, the cryptocurrency market could end this week with a long-awaited regulatory framework. Whether the rules are implemented under Powell or another Fed chair, crypto investors are craving regulatory clarity. As the manager of a leading stablecoin, Circle Internet is a useful bellwether of the political developments around crypto.</p>
<div class="lb-trans"><p>在最理想的情况下，加密货币市场可能在本周结束时迎来期待已久的监管框架。无论规则是在鲍威尔的领导下实施还是由其他美联储主席实施，加密投资者都渴望监管的清晰性。作为领先的稳定币管理者，Circle Internet 是加密政治发展的一个有用风向标。</p>
</div><p>Furthermore, Circle just set Aug. 12 as the date for its first financial report as a public company. I can't wait to see the stablecoin issuer's real-world results in black and white.</p>
<div class="lb-trans"><p>此外，Circle 刚刚将 8 月 12 日定为其作为上市公司的首次财务报告日期。我迫不及待想看到这个稳定币发行商的真实业绩。</p>
</div>

Why Circle Internet Stock Jumped 17% Today

- Circle Internet Group 股票在国会的 “加密周” 中波动剧烈。  
- 股票因程序问题下跌 4.6%，但随后上涨 17.1%。  
- 投资者期待加密法规的进展及美联储利率调整的影响。

为什么 Circle 互联网的股票今天上涨了 17%