Trump Backs Clarity Act, Boosting Robinhood, Coinbase and Bitcoin

Shares of Robinhood and Coinbase rose significantly after President Donald Trump publicly supported the Clarity Act, which aims to classify Bitcoin and other cryptocurrencies as commodities rather than securities.

Robinhood's stock price jumped 5% pre-market to $100.60, while Coinbase surged 9.6%, building on previous gains.

Bitcoin also experienced a notable increase of 11% to $71,755, its highest value since June, driven by growing tokenized equity trading, which hit $9 billion in 2026 - an 800% rise from the previous year.