Crypto stocks rebound after CLARITY Act selloff

Crypto‑linked equities recovered sharply on Friday, erasing losses that followed the Senate’s decision not to advance the CLARITY Act earlier in the week. The rebound coincided with Bitcoin climbing back above $80,000.

Key stock movements

• Strategy surged more than 13%.
• Coinbase and American Bitcoin each rose about 11%.
• Robinhood gained nearly 9%.
• Circle, Strive and miner Riot Platforms posted gains between 5% and 7%.

Bitcoin price action

Bitcoin (BTC) was up roughly 5% over the prior 24 hours, trading around $80,800 at the time of reporting.

Regulatory backdrop

After the Senate’s September 15 vote that halted progress on the CLARITY Act, U.S. regulators proceeded with actions under existing authority. On Thursday, the CFTC granted no‑action relief to passive software providers, while the SEC temporarily eased requirements for platforms facilitating on‑chain trading of tokenized securities. The CFTC also submitted a crypto market regulatory proposal for White House review, though details were not disclosed.

Impact of the CLARITY Act vote

Prior to the rebound, the same stocks had fallen sharply: Coinbase and Circle dropped about 10%, Strategy and Strive fell roughly 5%, and American Bitcoin declined around 8%.