House Passes Procedural Vote on Crypto Bills — Crypto Stocks Soar Across the Board

TradingKey – On Wednesday, July 16, the U.S. House of Representatives reversed course and passed a key procedural vote on three major crypto bills, triggering a broad rally in crypto-related stocks.

Leading gainers included:

  • SharpLink Gaming (SBET): up 29.03% to $37.38
  • Circle (CRCL): up 19.39%
  • Canaan Inc. (CAN): up 12.72%
  • Coinbase (COIN), MicroStrategy (MSTR), Robinhood (HOOD), and Riot Platforms (RIOT): each rose between 1%–3%

SharpLink- Gaming Stock -Chart – Source-Google

SharpLink Gaming Stock Chart – Source: Google

The rally was sparked by the House’s 215–211 vote to advance the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act to formal debate and final votes, expected later this week.

Just one day earlier, the same procedural vote had failed 196–223, sending…

Source link