Genius Act Nears the Finish Line in Congress, Sending Crypto Prices Surging
Crypto prices rose on Wednesday as the market looked toward the possible passage of a landmark crypto bill in the US House of Representatives.
Halfway through crypto week, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act appears to have garnered enough support to pass. The news sparked momentum for many cryptos, including Bitcoin, Ethereum and Solana, as well as crypto stocks Circle and Coinbase.
Bitcoin jumped 2% around midday, ethereum was up almost 7%, and Circle and Coinbase rallied 14% and 3%, respectively.
Despite 12 Republican lawmakers initially hesitating to vote in favor of the stablecoin bill, President Donald Trump said late Tuesday that they had changed their…
