Dogecoin is surging as the House of Representatives approves the Genius Act, the first legislation to regulate the cryptocurrency industry. The bill could drive adoption for crypto tokens and benefit Dogecoin. The meme coin’s price was up 8% in trading, outperforming Bitcoin and Ethereum. Dogecoin’s price remains down 30% year-to-date. Meanwhile, strategic investments in the token, like Bit Origin’s $500 million funding for a Dogecoin treasury, could boost its value. Consider investing $1,000 in Dogecoin, but note that it wasn’t among the Motley Fool’s top 10 stock picks. The Fool’s Stock Advisor has a history of market-beating returns.

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