Coinbase shares soared this week after the Senate passed the GENIUS Act, a bipartisan bill that regulates and promotes the use of stablecoins. Monitor these crucial chart levels.

Shares of Circle are up 53%, soaring from $148 to $227, since the market opened on Wednesday after the legislation passed in the Senate on Tuesday night. Shares of other crypto-related companies increased on the news with Coinbase, the leading crypto exchange in the U.S., gaining 20% since Wednesday.

The company also unveiled Coinbase Payments this week, a stablecoin-based solution for digital transactions across e-commerce platforms, reinforcing its product expansion strategy as regulatory clarity improves.