$USDC

Circle, Coinbase shares soar as Senate clears path for stablecoin regulation:

Circle closes up 33.8%, Coinbase and Robinhood also gain

Senate passes stablecoin bill with rare bipartisan support

Market eyes House vote and possible passage by end of summer

Legislation seen as turning point for crypto oversight

June 18 (Reuters) - Shares of stablecoin issuer Circle (CRCL.N), opens new tab and crypto exchange Coinbase (COIN.O), opens new tab surged on Wednesday after the U.S. Senate passed a landmark stablecoin bill, boosting hopes of wider adoption for a once-niche part of the crypto sector.

The bill was passed with bipartisan support, marking a turning point in the debate over crypto oversight, and a breakthrough for a sector long stuck in regulatory limbo.