Coinbase Global Soars as Crypto Rules and ETFs Ignite

Coinbase Global's stock price has surged by 23.87% over the past week, mirroring a broader rally in risk assets and cryptocurrencies.

The company's shares have tracked Bitcoin's break above $70,000 and a decline in US bond yields, which has fueled a weaker dollar.

A key catalyst behind Coinbase Global's run is President Donald Trump's meetings with top crypto executives, including CEO Brian Armstrong, at the White House.

The talks revived hopes for passage of the CLARITY Act, a bill that would give clearer rules for digital asset trading and divide oversight between the SEC and CFTC.

Crypto leaders argue that such legislation would provide regulatory certainty, keep innovation and jobs in the US, and open the door for more mainstream adoption of digital assets.