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US Treasury Closes Stablecoin Comment Period as Crypto Rallies 2.39% to $2,391

COINOTAG·October 19, 2026·1 min read
US Treasury Closes Stablecoin Comment Period as Crypto Rallies 2.39% to $2,391

The US Treasury closed the comment period on its payment stablecoin rules. Ethereum rose 2.39% to $2,391 as shorts took $87.93 million in liquidations. The regulatory milestone coincided with a crypto market rally, with ETH leading gains amid short squeezes.

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