Coinbase and Stablecoins Surge as Senate Passes Crypto Legislation
TL;DR Summary
Shares of Coinbase surged 11% after the U.S. Senate passed the GENIUS Act, establishing federal boundaries for stablecoins and marking the first major legislative move in the digital currency industry, with related gains for stablecoin issuer Circle and ongoing legislative developments in the House.
- Coinbase Global Stock Leads S&P 500 Gainers as Senate Passes Stablecoin Bill Investopedia
- Senate Passes Cryptocurrency and Stablecoin Rules Bill The New York Times
- Shares of Coinbase, Circle surge after stablecoin bill passes Senate CNBC
- Stablecoins' market cap surges to record high as US senate passes bill Reuters
- WATCH: Senate passes crypto bill ‘GENIUS Act’ without addressing Trump’s investments PBS
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