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House of Representatives' 'Cryptocurrency Week' Encounters Early Hurdles with Setbacks for Concept Stocks Like Circle
1 week ago /
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Author：小编
On Tuesday, a group of conservative Republicans in the US House of Representatives effectively thwarted three cryptocurrency-related legislative bills, including the stablecoin bill, in a procedural vote. This development triggered a decline in associated concept stocks. Both Robinhood and Coinbase closed lower, while Circle Internet, the world's second-largest stablecoin issuer, witnessed a share price drop of over 4%. Furthermore, Bitcoin, which had achieved an all-time high on Monday, succumbed to the news, shedding more than $3,000 in value.
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