economy
March 4, 2026
Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill
Coinbase jumped 12% on Wednesday following President Trump's latest call to help pass a law that would enable crypto firms to issue yield-bearing stablecoins.
TL;DR
- Coinbase shares surged over 12% on Wednesday.
- Other digital asset firms like Strategy and Circle also saw significant increases.
- President Trump expressed support for the crypto industry's position against U.S. banks on yield-bearing stablecoins.
- The 'Clarity Act' aims to establish market structure for the crypto industry, with a key point being the issuance of yield-bearing stablecoins.
- Bitcoin and Ether prices also rose on Wednesday.
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