Crypto Biz: Coinbase in Focus After CLARITY Act Setback
Coinbase shares fell 5% to 10% as the bill’s failure narrowed prospects for new U.S. crypto market rules.
8 Articles
8 Articles
Coinbase Surges as Regulators Bypass Congress on Crypto Rules
Coinbase shares jumped more than 11% on Sept. 18. The stock closed at $194.25. Bitcoin climbed above $80,000 the same day. Other crypto-linked names followed. Strategy rose over 13%. Robinhood gained nearly 9%. But the price action told only part of the story. Two days earlier the Senate had blocked the CLARITY Act. That bill would have created a comprehensive federal framework for digital assets. Its failure sent Coinbase down as much as 10% ea…
Coinbase in Focus After CLARITY Act Setback
The crypto industry spent much of the past two years preparing for regulatory clarity in Washington. This week, one of its biggest legislative priorities hit a major roadblock. The CLARITY Act failed to advance in the Senate on Tuesday, falling short of the 60 votes needed to bring the bill to the floor for debate. […]
CLARITY Act Setback Puts Coinbase Under Regulatory Focus
Crypto market participants are watching two very different developments this week: a stalled bid for U.S. regulatory “market-structure” clarity, and new attempts to monetize crypto assets—ranging from layer-2 revenue projections to Ether staking and treasury strategies. While lawmakers failed to move the CLARITY Act forward in the Senate, strategists and companies continued to refine their [...]
According to Cointelograph, CLARITY Act locks in the U.S. Senate, pressing Coinbase; Standard Chartered projects Arbitrum at $10 by 2030
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