Key Takeaways Coinbase shares soared after the Senate passed the GENIUS Act, a bipartisan bill that regulates and promotes the use of stablecoins.After bottoming out in early April, Coinbase shares trended higher before consolidating within a flag,

Shares of the first publicly-traded stablecoin company Circle continued to surge on Friday after the Senate passed legislation that would establish a regulatory framework for stablecoins, a type of cryptocurrency designed to maintain a value in line with the U.

Exciting news just rose to the forefront for cryptocurrency stock Coinbase Global (NASDAQ: COIN). On June 18, shares of Coinbase surged 16%. The United States government took an important step that benefits the firm’s future.