Stablecoin concept stocks rose in early trading, Coinbase rose nearly 7%, and the cumulative increase this year was 75%.
On Friday, stablecoin concept stocks rose in early trading, with Coinbase up nearly 7%, its market value exceeding $110 billion, and a cumulative increase of more than 75% this year; Robinhood and Circle rose more than 6%. On the news front, on Thursday, the U.S. House of Representatives passed three draft bills on the regulation of cryptocurrencies such as stablecoins with an overwhelming majority of votes in favor, and handed them over to President Trump to sign into law. Trump plans to sign draft cryptocurrency legislation, including the Genius Act, at an event on Friday to make them officially effective as laws.