Circle, Coinbase Rise After Lawmakers Unveil Revised Stablecoin Rule
What happened: Cryptocurrency-related stocks rallied on Monday, with shares of Circle Internet Group (CRCL) and Coinbase Global (COIN) rising 15% and 5%, respectively. What’s behind the measure: Investors are digesting the long-awaited language on stablecoin performance that has delayed the key cryptocurrency industry bill in Congress. Coinbase and Circle share a long-term commercial distribution agreement…