News has emerged that three virtual asset bills have passed in the U.S. House of Representatives, causing domestic stablecoin-related stocks to soar on the 18th.
As of 9:48 a.m. on this day, Nexus stock was trading at 4,360 won, up 12.81% (495 won) from the previous trading day in the KOSDAQ market.
Kakao Pay stock is also trading at 61,000 won, up 5.72% (3,300 won) from the previous trading day in the KOSPI market.
Additionally, stablecoin-related thematic stocks such as Danal (2.7%), ATON (2.84%), and ME2ON (2.96%) are showing strength.
The news of the passage of the three virtual asset bills in the U.S. House of Representatives, which establish a regulatory framework for stablecoins and integrate them into the institutional framework, is believed to have attracted investor sentiment.
On the 17th (local time), the U.S. House passed the 'Genius Bill', along with the 'Clarity Bill' that clarifies regulations related to digital assets, and the 'CBDC Anti-Money Laundering Act' that prohibits the Central Bank from issuing Central Bank Digital Currency (CBDC).