#CryptoStocks

Top crypto stocks on Wall Street surged on Wednesday after the U.S. Senate approved a milestone stablecoin bill, fueling hopes for broader adoption of what was once a niche corner 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.

The tokens have gained traction for offering crypto's convenience without its volatility. Pegged to currencies like the U.S. dollar, they aim to hold a stable value backed by reserves.

Stablecoin issuer Circle's (CRCL.N) shares were last up 20%. Crypto exchange Coinbase (COIN.O) rose 14%, while commission-free brokerage Robinhood (HOOD.O), which offers crypto trading, gained 3.4%.