On June 25, 2025, Coinbase Global, Inc. (NASDAQ: COIN) saw its stock price increase by 12.10%, closing at $344.82 per share. This surge follows the U.S. Senate's approval of the GENIUS Act on June 17, 2025, a bipartisan bill aimed at regulating stablecoins. (Source: Reuters, AP News)
The GENIUS Act mandates that stablecoins be backed by liquid assets and require monthly disclosures. The bill is now awaiting approval in the House of Representatives. (Source: Reuters, AP News)
In May 2025, Coinbase acquired Deribit for $700 million in cash and $2.2 billion in Coinbase stock, and was included in the S&P 500 index. These moves position Coinbase to benefit from the new regulatory environment. (Source: Reuters)