Crypto-linked stocks rise after Trump signs stablecoin bill into law
(Reuters) — Shares of crypto-linked companies jumped on Monday, as ether prices advanced after President Donald Trump signed into law a bill regulating stablecoins in the U.S.
Trump signed the GENIUS Act late on Friday, marking a huge win for crypto supporters, who have for long lobbied for a regulatory framework to gain greater legitimacy for the industry.
US-listed shares of crypto-linked companies rose in premarket trading on Monday as bitcoin (BTC-USD) rallied.
Shares of BitMine (BMNR), where tech billionaire Peter Thiel is the top investor and whose chairman is Fundstrat’s Tom Lee, advanced 4.7% Other ether-holding firms Bit Digital (BTBT), BTCS (BTCS), and SharpLink Gaming (SBET) climbed about 2%, 9%, and 10%,…