President Donald Trump says he doesn’t want Congress to pad a bill to regulate stablecoins with other provisions. That’s good news for the bill’s prospects, but makes it unlikely that broader legislation sought by crypto exchanges like Coinbase Global will make it to the finish line soon.

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.

Circle Internet Group shares are up 8% in premarket trading Friday, extending gains they have made since the Senate passed the GENIUS Act to establish a federal framework around the use of stablecoins.