Coinbase stock surged to an all-time high of $436 as markets opened Friday, following the US House’s landmark passage of two crypto bills.
The rally comes after the GENIUS Act and the CLARITY Act cleared the House late Thursday. Both bills bring long-awaited regulatory certainty to the crypto sector.
The GENIUS Act, now awaiting President Trump’s signature today, establishes the first federal rules for stablecoin issuers. The CLARITY Act defines oversight roles for the SEC and CFTC.
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Investors responded swiftly. Coinbase, the largest US-listed crypto exchange, saw increased trading volume and renewed investor confidence.
Coinbase Shares jumped over 6% at the open, pushing the stock to $436, its highest price since listing on the Nasdaq in 2021.
Market analysts say the legislative momentum validates crypto’s long-term role in US finance. Regulatory clarity could pave the way for new products, listings, and institutional inflows.
Coinbase has long advocated for clear rules. With these bills advancing, it stands to benefit from increased stablecoin issuance and exchange activity.
Other crypto-related equities also gained. Robinhood, Riot, and Marathon Digital opened higher as traders digested the historic developments.
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source : https://beincrypto.com