- Strategy, Coinbase, and other crypto-related stocks surged over 12 % following optimism around the CLARITY Act and favorable macroeconomic conditions.
- The surge was driven by capital rotation from AI stocks, expected legislative progress for the CLARITY Act in September 2025, and the U.S. Treasury 's plan to double long-term bond buyback operations.
- Passing the legislation aims to establish clearer regulatory rules for digital assets and trading platforms, thereby removing years of regulatory uncertainty for companies like Coinbase.