Coinbase, Circle and Bullish Jump as Clarity Act Proponents Express Optimism About Bill
Coinbase, Circle and Bullish climbed as traders bet the Clarity Act could advance, with bitcoin also up about 2%, analysts said.
- On Tuesday, Senate Banking Committee Chairman Tim Scott said the Clarity Act has a "really good shot" of passing in September, while White House Council of Advisors for Digital Assets Executive Director Patrick Witt noted lawmakers are nearing a "grand bargain" before the Sept. 15 vote.
- The Clarity Act seeks to establish clearer rules for digital assets and trading platforms, creating a regulatory framework that companies like Coinbase and Bullish view as more difficult for future administrations to undo.
- On Wednesday, crypto stocks outperformed the broader market, with Coinbase and Bullish shares rising about 8% each and Circle gaining nearly 10% following investor optimism surrounding the pending legislative vote.
- Although Senators Ruben Gallego and Thom Tillis proposed an ethics provision for the bill, the White House has not publicly responded, and Democrats maintain they will withhold support without it.
- Investors are shifting capital from AI-related stocks following a strong run, with market analysts noting this reversal combined with legislative progress is currently driving interest in the digital asset sector.
14 Articles
14 Articles
XRP Surges As Trump Urges Congress To Pass Clarity Act
A presidential push for crypto legislation sent XRP jumping toward key resistance levels, but whether that political momentum can survive a Senate vote still months away is the question every trader in the room avoided answering.
Circle Stock Jumps 12%, Adds $2.2 Billion as U.S. Crypto Policy Optimism Returns
Circle Internet Group stock surged more than 12% Wednesday as investors returned to crypto-linked equities amid renewed regulatory activity in Washington and a broader rebound across cryptocurrency markets. CRCL traded at approximately $80.59 as of 12:18 p.m.Visit Website
Coinbase CEO Predicts Bipartisan CLARITY Vote On Sept. 15, Sees Market Rally Ahead
BitcoinWorld Coinbase CEO Predicts Bipartisan CLARITY Vote on Sept. 15, Sees Market Rally Ahead Coinbase CEO Brian Armstrong has signaled optimism for the cryptocurrency market, citing a scheduled bipartisan vote on the CLARITY Act in the U.S. Congress. In a post on X (formerly Twitter), Armstrong wrote that the vote, set for September 15, could pave the way for an “Uptober” — a term used by traders to describe a historically strong October for…
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