Shares of crypto-linked companies surged as ether prices rose following President Trump signing the GENIUS Act regulating stablecoins in the U.S. The bill, supported by both Democrats and Republicans, bans yields on stablecoins, boosting Ethereum prices. Bitcoin also climbed 1%. Other cryptocurrencies like Solana also saw gains.

Ether was trading near its highest level since December 2024 at $3,783.2. U.S.-listed companies holding cryptocurrencies, such as BitMine and Bit Digital, saw their shares rise. Stablecoin issuer Circle Internet and crypto exchange Coinbase Global also saw gains. GameSquare Holdings rose after announcing cryptocurrency-related investments.

Companies like GameStop are adding crypto to their balance sheets, with Strategy leading the way. The broader crypto sector’s market value reached $4 trillion on Friday. ProShares Ultra Solana ETF jumped 16.2%, while shares of companies like BitMine and Circle Internet also surged. GameSquare Holdings also saw an increase in its stock price.

Read more at Yahoo Finance: Crypto-linked stocks advance after Trump signs stablecoin law