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Crypto stocks exploded Wednesday as fresh CLARITY Act confidence and Treasury liquidity news hit markets, lifting Strategy Inc.(NASDAQ:MSTR) and Coinbase(NASDAQ:COIN) sharply higher.
What Is Driving the Moves?
Clear Street analyst Owen Lautold CoinDesk two catalysts are driving the surge. First, investors are rotating out of AI stocks after a strong run and moving capital into crypto-adjacent equities.
Second, fresh optimism around the CLARITY Act passing in September is giving the sector a meaningful bid.
The macro backdrop added fuel.
The U.S. Treasury announced it would double its long-term bond buyback operations starting Sep. 9, knocking yields lower and sending Bitcoin(CRYPTO: BTC) up 6%, Ethereum(CRYPTO: ETH) up 10%, Solana(CRYPTO: SOL) up 7%, and XRP(CRYPTO: XRP) up 8% on the session.
Crypto stocks followed directly, with Bitmine(NASDAQ:BMNR) and Bullish (NYSE:BLSH) adding 13%. Meanwhile, Circle(NYSE:CRCL) climbed nearly 12% on the session
What Senators Said About the Clarity Act
Speaking at the SALT conference in Jackson Hole Tuesday, Senate Banking Committee Chairman Senator Tim Scott(R-SC) said the Clarity Act has a “really good shot” of moving forward in September.
“There’s no question about the fact that this will become law,” Scott said. “The only question is how do we get it to the finish line,” he added.
White House Council of Advisors for Digital Assets executive director Patrick Witt told the conference that negotiations have narrowed to a binary choice between two options, the kind of setup that typically precedes a deal.
The Senate procedural vote remains on the calendar for September 15.
The remaining sticking point is an ethics provision tied to the President Donald Trump family’s crypto interests.
Senator Ruben Gallego (D-AZ) and Senator Thom Tillis (R-NC) sent a proposal to the White House on that front, but the administration has not yet publicly responded.
Why The Clarity Act Matters for These Stocks
Passage would establish clearer, more durable rules for how digital assets and trading platforms are regulated in the US, rules that would be harder for a future administration to reverse.
For companies like Coinbase and Bullish, it removes years of regulatory uncertainty that has weighed on valuations.
Trader notes:MSTR tests $105 resistance for the fourth time in 2 months after breaking above its 20-day and 50-day EMAs in a single session. Three prior attempts at $105 failed. A daily close above it opens a run toward the 100-day EMA near $122.
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