Crypto-linked equities saw strong gains Thursday after the U.S. House approved two major digital asset bills, sparking a wave of optimism around regulatory clarity and institutional adoption.
Coinbase (COIN) surged 3.2%, closing above $410 and pushing its market cap past $100 billion for the first time. Circle (CRCL) climbed 0.8%, extending a two-day rally as confidence returned to stablecoin markets.
Robinhood (HOOD) gained 2.6% to an all-time high above $105, driven by investor bets on its deepening crypto strategy. Meanwhile, Galaxy Digital (GLXY) jumped 6% amid strong sentiment across crypto-native financial firms.
The House greenlit both the CLARITY Act — a sweeping digital asset market structure bill — and the GENIUS Act, which establishes a unified framework for stablecoin oversight. The latter, already passed by the Senate, now heads to the White House.
Despite the legislative tailwind, crypto prices were mixed. Bitcoin (BTC) slipped 0.9% to around $119,000, while Ether (ETH) held steady near $3,400. XRP outperformed with an 8% jump, trading within 3% of its all-time high.
The dual bill passage marks one of the most significant regulatory moments in U.S. crypto history, with investors now watching closely for Senate alignment and presidential approval.
