Crypto-Linked Stocks Climb After Stablecoins Bill is Signed
Crypto-related stocks experienced a surge on Monday as Ether reached its highest price of the year. The rally followed the signing of a major crypto regulation bill, the GENIUS Act, by U.S. President Donald Trump late Friday. The new legislation provides a framework for stablecoin oversight in the U.S., a long-requested move by many in the cryptocurrency space. Although Bitcoin rose modestly by 0.4%, it remained over 3% below last week’s all-time high of $123,153. Meanwhile, Ether took the spotlight, hitting a new annual peak on Sunday of $3,795. The GENIUS Act includes a restriction that prevents regulated stablecoins from…