The shares of the coinbase and the circle increased on Wednesday, as US lawmakers pushed through the Genius Act to indicate support for clear stabechoin regulation for home approval.
On Wednesday, the coinbase (Coin) listed on Nasdaq, closed trading day to 16.32%, while the CRCL listed on NYSE increased to 33.82% to shut down at $ 199.59, closed at $ 199.59, $ 199.59, closed at $ 199.59, According For Google Finance Data.
The Genius Act is a rapid signal for the entire crypto industry
After 68-30 Senate votes in favor of the Genius Act, the rally passed only six weeks after the Tenasi Senator Bill Hagrant was introduced.
Many people in the Crypto market see it as a rapid signal for the industry, which is an important step towards creating a regulatory structure for stabelin.
US President Donald Trump Said In a true social post on Thursday, the Genius Act on its desk “ASAP – no delay”, while White House AI and Crypto Czar David Sacks Thank you Trump to bring his “USA a promise to make the planet’s Crypto Rajdhani”.
Circle, USDC (USDC) issuer-market-market is ready to benefit from the second largest stabelcoin-bill by capitalization, as most of its revenue comes from the interest earned on the USDC supporting reserves, which he co-installs in partnership with coinbase in October 2018.
After stock surge, crypto trader march Said The market “gradually suggests that the coinbase gets 50% of the $ CRCL revenue generated from USDC on the USDC on the conbase platform (and) a equity stake.”
Circle’s stock increases “Talk of the Town”
“This is a stabechoin summer,” Genco said, accepting the talent act passed by the Senate. “This will be the most obvious drama in the retrospective.” Crypto analyst tilarad couple“CRCL is a matter of city.”
Meanwhile, Crypto entrepreneur Anthony Pampino Spinish The stock of the coinbase increases as an indication that “Wall Street wants bitcoin and crypto assets.”
The all-time high of the coinbase stock is high $ 357, reaching a comprehensive crypto market rally in November 2021, with Bitcoin (BTC) watched a new level of $ 69,000.
At the time of publication, the current high of bitcoin is $ 111,970, which reached on 22 May.
Future StableCoin FUD recently on public listing
While the coinbase has been publicly listed since April 2021, the circle is only public for a few weeks.
On 5 June, Circle entered a strong entry on the New York Stock Exchange (NYSE), with shares of 167% in their first trading session.
Connected: Coinbase wants SEC approval for ‘token equity’ – Report
Some crypto market participants feel that it may be more stabechoin companies, but others are not sure it will do well.
On Monday, Bitmex founder Arthur Hayes warned that most of the new public stabelcoin companies would overwelled and fail. Hayes also claimed that the stock price of the circle is “more than” madness “.
magazine: Arthur Hes does not care when his bitcoin predictions are completely wrong
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
