Crypto stocks rally as bitcoin tops $80K and U.S. stablecoin legislation nears approval

Crypto stocks, led by Circle and Coinbase, surged as bitcoin surpassed $80,000, boosting sector sentiment. Progress on the U.S. Digital Asset Market Clarity Act, particularly a compromise limiting stablecoin yield offerings, has increased optimism for regulatory clarity. This development removes a major hurdle for the bill's passage, with lawmakers expected to advance it soon. Investors are positioning for gains, especially in Circle, which stands to benefit from clearer rules and upcoming earnings.