Shares of crypto-related companies surged Thursday after the U.S. House of Representatives passed two pivotal bills aimed at regulating stablecoins and digital asset market structure, reinforcing hopes for long-awaited regulatory clarity.

Coinbase (COIN) led the charge, jumping 3.2% to close above $410 for the first time ever—pushing its valuation past $100 billion. Circle (CRCL), the issuer of the $62 billion USDC stablecoin, added 0.8% by session close after rebounding from an earlier dip, extending a two-day gain of nearly 20%.

Robinhood (HOOD), which has been expanding its crypto and tokenization offerings, gained 2.6% to a new all-time high above $105. Galaxy Digital (GLXY) climbed 6% amid broad enthusiasm in crypto-exposed equities.

The legislative catalysts were the passage of the CLARITY Act, aimed at market structure reform, and the GENIUS Act, which establishes federal standards for stablecoins. With the latter already clearing the Senate, it now heads to the President’s desk.

While equities rallied, crypto assets traded more cautiously. Bitcoin (BTC) hovered near $119,000, down 0.9% on the day, while Ether (ETH) held steady at $3,400. XRP continued its breakout, rising 8% over 24 hours and nearing its all-time high of $3.40.

The twin bills mark one of the most significant policy steps for the digital asset sector in years, setting the stage for institutional participation and regulatory certainty moving forward.