Coinbase stock surged 6% following the US House of Representatives' approval of the GENIUS and CLARITY Acts. These bills are designed to regulate stablecoins and enhance oversight by the SEC and CFTC, providing much-needed regulatory clarity for the cryptocurrency industry. The legislative development has triggered a broader rally in crypto equities, with Coinbase leading the charge. The passage of these bills represents a significant milestone in the regulatory landscape for cryptocurrencies, potentially influencing future market dynamics. The increased oversight and clear guidelines are expected to foster a more stable and transparent environment for crypto businesses and investors.