The approval of three cryptocurrency bills by the US House has sparked significant market gains, particularly in the PayFi and Layer 2 sectors, reflecting increased legislative support for digital assets.
Following the passage of three cryptocurrency bills by the US House, the crypto market experienced an overall increase of 2% to 6%. The PayFi sector surged by 17.06%, with Stellar (XLM) and XRP leading the gains at 11.42% and 18.15%, respectively. Ethereum rose by 5.85%, surpassing $3,500, indicating a strong market reaction to the legislative developments.