"Crypto Week Approaches: Circle Group, Coinbase Global, and Bitcoin ETFs in Focus"

Crypto Week is on the horizon, with three digital asset bills set to be considered by the US House of Representatives during ‘Crypto Week.’ The bills include the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act. Overseas betting market Polymarket gives the GENIUS Act a 91% chance of passing.

Stocks to watch during Crypto Week include Circle Group and Coinbase Global, which manage USDC, a stablecoin. Coinbase Global, with a market cap double that of Circle Group, has a more attractive stock from a relative perspective. Additionally, any crypto legislation that passes could benefit Bitcoin proxies like Strategy, iShares Bitcoin Trust ETF, and ARK Bitcoin ETF.

As ‘Crypto Week’ approaches in Washington DC, the potential passage of the GENIUS and CLARITY Acts could bring much-needed regulatory clarity to the crypto industry. The eyes of the digital asset world will be fixed on the outcome of these bills as they are considered by the US House of Representatives.

Read more at Nasdaq: Zacks Investment Ideas feature highlights: Circle Group, Coinbase Global, Strategy, iShares Bitcoin Trust ETF and the ARK Bitcoin ETF