The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.

House passage of the measures marks a breakthrough for the digital assets sector and sends one of the bills to President Donald Trump.

Bitcoin’s (BTCUSD) march to new heights has entered a remarkable phase. Trading above $122,000 on July 14, the cryptocurrency has more than doubled annually, marking an explosive run that has drawn global attention.

Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. 2 crypto hit a six-month high.

Stocks tied to the cryptocurrency ether posted notable gains in premarket trading Friday, after the digital asset surged to its highest price in six months. BitMine Immersion Technologies (NASDAQ:IMMR),