#CryptoStocks Stablecoin regulations have finally been passed through the GENIUS Act, and the market immediately responded positively. Major crypto stocks recorded significant spikes:
Coinbase (COIN) rose by up to +17% to $295 after the GENIUS Act passed in the Senate.
Additional catalyst: the launch of Coinbase Payments, which expands USDC adoption on e-commerce platforms like Shopify.
Circle (CRCL) — the issuer of USDC — recorded a +27% increase post-regulation.