tl;dr
Coinbase stock surged to an all-time high of $436 following the US House's passage of the GENIUS Act and the CLARITY Act, which provide regulatory clarity for the crypto sector. The GENIUS Act sets federal rules for stablecoin issuers, while the CLARITY Act defines oversight roles for the SEC and CF...
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, bringing 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. Meanwhile, the CLARITY Act defines oversight roles for the SEC and CFTC, providing a clearer regulatory framework for the industry.
Investors responded swiftly to these developments. Coinbase, the largest US-listed crypto exchange, experienced increased trading volume and renewed investor confidence. Shares jumped over 6% at the open, pushing the stock to $436, its highest price since listing on the Nasdaq in 2021.
Market analysts view this legislative momentum as validation of crypto’s long-term role in US finance. Regulatory clarity could pave the way for new products, listings, and increased institutional inflows. Coinbase, a firm long advocating for clear rules, stands to benefit significantly from heightened stablecoin issuance and exchange activity.
Other crypto-related equities also gained, with Robinhood, Riot, and Marathon Digital opening higher as traders digested the historic legislative breakthroughs.