Trump signs GENIUS Act, 1st federal law regulating crypto
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Not all crypto-linked stocks were getting a boost. MicroStrategy, the world’s largest corporate holder of Bitcoin, was down 4.2% on Friday. Shares often follow fluctuations in the price of Bitcoin, which has fallen 1% over the past 24 hours to $117,726, according to CoinDesk.
13hon MSN
After Congress passed landmark crypto legislation Thursday, shares of crypto-related companies skyrocketed, but the larger market dipped on Trump tariff news.
Coinbase and Robinhood are among the leading trading platforms listing cryptocurrencies. The Coinbase (Nasdaq: COIN) stock hit an all-time high (ATH) of $444.64 within a few minutes of the market opening hours on July 18. The stock has been hitting record highs of late, thanks to the progress on key crypto bills in the U.S. Congress.
Strategy's $72 billion Bitcoin treasury sits with multiple custodians, including Coinbase. But the company keeps most of them secret.
Base succeeds where earlier Web3 apps have failed and puts Coinbase in position to compete with the likes of Facebook and PayPal.
Charles Schwab CEO reveals plans to offer Bitcoin, Ether trading, positioning the firm to compete directly with Coinbase's crypto services.
After a week of squabbling in Washington, the cryptocurrency industry secured one of its primary legislative objectives and made progress toward a second one.
Coinbase stands to benefit from the passage of a bill that would set up oversight of stablecoins.
Strategy's $70 billion Bitcoin custodian list remains secret as it and Coinbase set records, all while new crypto treasuries take root.
A legislative win in Congress, and the promise of more to come, has helped lift the prospects and the wealth of the cryptocurrency industry.