Crypto Stocks Jump as US House Approves Three Crypto Bills, Trump Set to Open Retirement Market to Crypto Investments

Crypto stocks jumped in premarket trading. BitMine Immersion Technologies and GameSquare rose 15%; Upexi and BTCS rose 13%; Canaan rose 10%; SharpLink Gaming rose 9%; Sequans Communications and Bit Digital rose 6%; BTC Digital rose 5%; Tron rose 4%; Coinbase and Circle rose 2%; MARA Holdings and Riot Platforms rose 1%.

The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump, who is expected to sign it into law.

The vote marks a watershed moment for the digital asset industry, which has been pushing for federal legislation for years and poured money into last year's elections to promote pro-crypto candidates.

House lawmakers also passed two other crypto bills, sending them next to the Senate for consideration. One lays out a regulatory framework for crypto, and the other would ban the U.S. from issuing a central bank digital currency.

The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.

Meanwhile, US President Trump is preparing to open the $9tn US retirement market to cryptocurrency investments, gold, and private equity in a move that would spur a radical shift in the way Americans’ savings are managed.

Trump is expected to sign an executive order as soon as this week that would open up 401k plans to alternative investments beyond traditional stocks and bonds, according to three people who have been briefed on the president’s plans.

These investments would run a broad spectrum of asset classes, from digital assets to metals and funds focused on corporate takeovers, private loans and infrastructure deals.