Circle and Coinbase shares rise after lawmakers unveil revised stablecoin regulations
Shares of Circle Internet Group (CRCL) surged by 20% while Coinbase Global (COIN) rose by 5%, following the release of a revised stablecoin rule. The new regulation restricts platforms from offering yield on idle stablecoin balances but allows rewards for active transactions and market-making activities.
Topics: crypto legislation stakeholder reactions