Coinbase surges 12% as Trump vows to sign the CLARITY Act on arrival!

Coinbase jumped 12% after Senator Lummis locked in a bipartisan deal on stablecoin yield provisions inside the CLARITY Act — and President Trump publicly committed to signing the bill the moment it reaches his desk. The combination of a legislative breakthrough and an executive green light removed two of the biggest overhangs that have kept crypto market-structure legislation in limbo.

The bipartisan framing is the key signal here: it narrows the path for procedural delays that have killed prior crypto bills. With Trump's signature effectively pre-announced, Congress now faces direct pressure to deliver a finished framework rather than another extension cycle.

For Coinbase specifically, a clear stablecoin yield regime opens a significant revenue line — the exchange already holds substantial <a class="ticker-mention" href="/en-US/token/usdc">USDC</a> reserves and has lobbied hard for exactly this kind of regulatory clarity.