Crypto stocks rebound after CLARITY Act selloff

Coinbase, Strategy and other crypto-linked stocks rallied Friday as the CFTC and SEC moved ahead with crypto-related actions under existing authority.

Crypto-linked stocks rebounded sharply on Friday, reversing losses that followed the Senate’s failure to advance the CLARITY Act earlier this week, as Bitcoin climbed back above $80,000.

Strategy led the gains, rising more than 13%, while Coinbase and American Bitcoin climbed about 11% each. Robinhood gained nearly 9%, according to Yahoo Finance data.

Source: Yahoo Finance

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