Crypto stocks rally after U.S. House clears hurdle on crypto bills
ReutersJul 16, 2025 7:14 PM
Shares of cos related to crypto are rallying on Wed after the U.S. House of Representatives cleared a procedural hurdle, setting the stage for likely passage of several cryptocurrency bills
Stablecoin heavyweight Circle Internet CRCL.N surging ~21%, while Coinbase COIN.O, Robinhood Markets HOOD.O and Riot Platforms RIOT.O were each up ~4%
A measure that would establish a federal framework for stablecoins is set to head to Trump's desk for signature after House approval, marking a watershed victory for the crypto industry
Stablecoins are a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, and are used by crypto traders to move funds between tokens
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