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Coinbase Jumps Again and Silvergate and Hut 8 Mining Gain on Wednesday

Travis Hoium, The Motley Fool
·3-min read

Shares of Coinbase Global (NASDAQ: COIN) jumped on Wednesday after the Senate Agriculture committee put forward a bipartisan bill that would identify and classify "digital commodities" that would be overseen by the Commodities Futures Trading Commission (CFTC). After Coinbase was caught up in the Securities and Exchange Commission's (SEC) enforcement of cryptocurrencies, this was welcome news to the company and investors. Coinbase stock jumped as much as 22.3% in trading on Wednesday after the bill was reported.

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