{"id":28647,"date":"2026-05-14T22:11:37","date_gmt":"2026-05-14T22:11:37","guid":{"rendered":"https:\/\/bitunikey.com\/news\/coinbase-stock-climbs-as-clarity-act-advances\/"},"modified":"2026-05-14T22:11:49","modified_gmt":"2026-05-14T22:11:49","slug":"coinbase-stock-climbs-as-clarity-act-advances","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/coinbase-stock-climbs-as-clarity-act-advances\/","title":{"rendered":"Coinbase stock climbs as CLARITY Act advances"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote.<\/p>\n<div id=\"cn-block-summary-block_391f5707a1deacbe16454767016396a9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin hit $82,000 following the committee vote before retreating to $81,500, up 2.5% on the day.<\/li>\n<li>Strategy climbed 7% and Bitmine advanced 5.6%, with broader crypto equity gains extending to Nasdaq and S&amp;P 500 record highs.<\/li>\n<li>The bill still requires a full Senate vote with a 60-vote threshold and reconciliation with a House-passed version before it can reach the White House.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14 by 15 votes to 9, with support from two Democratic senators providing the bipartisan margin that moves the bill toward the full Senate. <\/p>\n<p>Coinbase CEO Brian Armstrong had backed the current version of the bill ahead of the vote, calling it \u201ccloser than ever\u201d to becoming law and describing the stablecoin yield compromise as a result \u201cboth sides left a little bit unhappy\u201d with \u2014 a sign, he said, that negotiators found a genuine middle ground.<\/p>\n<p>Coinbase (COIN) led gains among crypto-linked equities, surging 8% as investors priced in the possibility that clearer regulatory rules could accelerate institutional participation in digital assets. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Bitcoin rose to $82,000 shortly after the vote before retreating to approximately $81,500, up 2.5% over 24 hours. Strategy (MSTR) climbed 7%, while Ethereum-focused treasury firm Bitmine (BMNR) advanced 5.6%. The broader risk-on mood extended beyond crypto, with both the Nasdaq 100 and S&amp;P 500 pushing to fresh record highs on the same day.<\/p>\n<h2 class=\"wp-block-heading\">What comes next for the CLARITY Act<\/h2>\n<p>As crypto.news reported, the stablecoin yield compromise between Senators Thom Tillis and Angela Alsobrooks was the final major hurdle cleared before the committee vote. <\/p>\n<p>The full text, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.congress.gov\/bill\/119th-congress\/house-bill\/3633\/text\" target=\"_blank\" rel=\"nofollow\">published<\/a> by the Senate Banking Committee, runs to 309 pages and still contains unresolved ethics language around government officials\u2019 crypto holdings that Democrats demanded before supporting the bill at floor stage.<\/p>\n<p>The CLARITY Act must still clear the full Senate with a 60-vote threshold, which requires additional Democratic support beyond the two senators who voted yes in committee. <\/p>\n<p>It must then be reconciled with the version the House passed 294 to 134 in July 2025 before reaching the White House. Senator Bernie Moreno had warned that failure to advance the bill by end of May could shelve crypto market structure legislation for years. <\/p>\n<p>The committee vote gives the bill its clearest legislative path since it stalled in January, when Coinbase temporarily withdrew support over the stablecoin yield provisions now resolved through the Tillis-Alsobrooks compromise.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote. Summary Bitcoin hit $82,000 following the committee vote before retreating&hellip;<\/p>\n","protected":false},"author":1,"featured_media":27324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28647"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28647\/revisions"}],"predecessor-version":[{"id":28648,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28647\/revisions\/28648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/27324"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}