Coinbase, Robinhood Hit Record Highs as U.S. House Passes Landmark Crypto Legislation
Crypto-linked stocks climbed higher on Thursday as the U.S. House passed two major pieces of legislation designed to bring structure to digital asset markets, a move investors interpreted as a step toward long-awaited regulatory clarity.
Coinbase (COIN), the largest U.S. crypto exchange, advanced 3.2% during the session closing above $410 for the first time ever and pushing its market cap above $100 billion. Circle (CRCL), issuer of the $62 billion USDC stablecoin, rebounded from its intra-day dip to close 0.8% higher at its strongest price in three weeks and extending yesterday’s 19% rally.
Robinhood (HOOD), a digital trading platform expanding into crypto and tokenized finance, rose 2.6% above $105, a fresh record high….
