The recent passage of the Genius Act in the U.S. marks a significant step for the cryptocurrency market, triggering a sharp rise in shares of crypto platforms.
Robinhood Shares Surge on New Legislation
Robinhood's stock showcased impressive growth, surpassing $110 and increasing by 380% over the past year. Over 175% of this gain occurred in 2025 alone. Following the passage of the Genius Act, Robinhood shares rose more than 13% as the platform holds a key position in both the stock and crypto markets. The positive trend is attributed to the growing user base and digital asset activity.
Coinbase and Robinhood: Winners of the Genius Act
Both Coinbase and Robinhood emerged as the leading beneficiaries of the new legislation. The Genius Act outlines clear rules for stablecoins, requiring them to be fully backed by U.S. dollars or low-risk assets. Coinbase's stock jumped nearly 8%, while Robinhood increased by 6%. Both companies benefited from optimistic market reactions to the new legislative initiatives, significantly boosting investor confidence in the crypto market.
Robinhood Doubles Down on Crypto
Robinhood is actively enhancing its platform for cryptocurrency trading, offering Bitcoin and Ethereum as well as experimenting with tokenized assets. With the passage of the Genius Act, the platform now has the opportunity to expand its offerings. The company is attracting more young traders through fast access and a user-friendly mobile interface, which are positively influenced by the new legislation on the market.
The passage of the Genius Act has opened a new chapter for the cryptocurrency market, creating potential growth opportunities. Robinhood and Coinbase are at the forefront of this transformation, and the market is optimistic about the future of digital assets.
