Shares of crypto-focused companies rallied Thursday after the U.S. House of Representatives passed two pivotal bills aimed at bringing regulatory clarity to the digital asset industry.
Coinbase (COIN) gained 3.2%, closing above $410 and pushing its valuation past $100 billion for the first time. Circle (CRCL) rose 0.8%, extending recent momentum driven by renewed stablecoin optimism.
Robinhood (HOOD) jumped 2.6% to an all-time high above $105 as investors priced in greater crypto exposure. Galaxy Digital (GLXY) led digital finance stocks, adding more than 6% on the day.
The moves came after the House advanced both the CLARITY Act, a framework to regulate digital assets, and the GENIUS Act, which addresses stablecoin oversight and now awaits the president’s signature after passing the Senate earlier this year.
While crypto equities surged, token markets saw mixed price action. Bitcoin (BTC) edged lower by 0.9% to around $119,000, and Ether (ETH) held steady at $3,400. XRP stood out, rallying 8% and approaching its 2018 peak on rising futures open interest and ETF buzz.
The legislative progress marks a potential turning point for crypto regulation in the U.S., increasing investor confidence and opening the door to broader institutional adoption.
