Crypto-related stocks rallied sharply on Thursday, driven by a surge of investor confidence after the U.S. House of Representatives passed two landmark crypto regulation bills: the GENIUS Act and the CLARITY Act. These developments mark a significant milestone in the push for comprehensive U.S. digital asset legislation.
U.S. House Approves Crypto Market and Stablecoin Framework
The House passed the CLARITY Act, which aims to provide clearer oversight for crypto market infrastructure, and the GENIUS Act, focused on establishing stablecoin regulation standards. These bills are designed to give investors and companies a transparent regulatory environment.
This legislative progress represents one of the most serious moves yet toward crypto mainstreaming in the United States.
The GENIUS Act had already cleared the Senate last month, meaning it is now positioned for potential final approval and signing into law—a significant achievement that has energized both Wall Street and the crypto industry.
Coinbase and Robinhood Soar to All-Time Highs
Following the announcement, Coinbase (COIN) stock surged 3.2% to close above $410, reaching a new all-time high and pushing the company’s market capitalization past $100 billion. This record reflects growing investor belief in Coinbase’s long-term position as a regulated leader in the U.S. crypto space.
Robinhood (HOOD), which has been aggressively expanding into crypto and tokenized assets, gained 2.6% and closed above $105, also setting a record high. The rally signals strong market approval of its dual positioning in both traditional and decentralized finance.
Other crypto stocks joined the rally: Galaxy Digital (GLXY) climbed over 6%, and Circle (CRCL), the issuer of USDC, rose nearly 1% to a three-week high.
What This Means for the Crypto Market
Although Bitcoin and Ethereum remained mostly flat, the broader sentiment in crypto markets remains highly positive. Regulatory clarity has long been seen as a key hurdle for mass adoption. The passage of these bills may finally provide the legal foundation needed to unlock institutional investment and large-scale retail confidence.
If signed into law, this legislation could accelerate innovation, improve investor protections, and attract long-term capital into the crypto ecosystem.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.