Coinbase Jumps 11.2% as Trump Crypto Talks Loom and Bitcoin Rebounds Toward $65,000
Updated
Updated · Yahoo Finance · Aug 19
Coinbase Jumps 11.2% as Trump Crypto Talks Loom and Bitcoin Rebounds Toward $65,000
2 articles · Updated · Yahoo Finance · Aug 19
Summary
Coinbase shares rose 11.2% in morning trading as CEO Brian Armstrong and other crypto executives prepared to meet President Trump and White House officials on digital-asset rules.
Bitcoin’s rebound from the low-$62,000s toward $65,000 amplified the move, since stronger BTC prices typically lift Coinbase trading volumes, fees and investor sentiment.
The policy push centers on the CLARITY Act, which would clarify SEC and CFTC oversight of crypto trading, but the bill remains stalled in the Senate.
That leaves Coinbase more reliant for now on agency rulemaking, while investors watch whether Bitcoin can hold above $65,000 and whether the White House meeting produces tangible regulatory momentum.