Coinbase Stock Surges Ahead of CLARITY Act Vote

Coinbase stock is trading at $170.49 after bouncing off the 0.5 Fibonacci level at $169.91 on the 4H time frame.

The price action remains above the $166.96 mark on the EMA50, and the RSI sits at 58.97 in neutral-bullish territory with no signs of bearish divergence.

Regulatory clarity is on the horizon as the Digital Asset Market Clarity Act is set to pass a full Senate floor vote sometime in June or early July.

This bill would resolve uncertainty around which tokens are securities, commodities, and which regulator has primary authority, reducing Coinbase's regulatory tail risk and incentivizing institutional capital allocation.