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Coinbase Stock Rises on Washington Push for CLARITY Act

Guavy AI Editorial Team
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Coinbase Global (COIN) stock rose 7.6% on Thursday to close at $172.35, its second straight sharp gain.

The news that morning was political: after a White House meeting with crypto executives that included Coinbase’s own CEO, the administration urged Congress to pass the CLARITY Act.

This is odd because the company has already said about needing that bill. Management's own framing from the Q2 2026 call treats the outcome as far less decisive, saying business at Coinbase carries on close to normal either way.

The CLARITY Act would take oversight of most crypto trading away from securities regulators, so its fate bears directly on this stock.

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