Coinbase, Crypto Stocks Rise as Senate Panel Advances CLARITY Act

Coinbase Global Inc. (COIN) rose as much as 9% on May 14, 2026, after the Senate Banking Committee advanced the CLARITY Act with bipartisan support, moving a key digital-asset market structure bill closer to a full Senate vote. Gemini Space Station (GEMI), Robinhood Markets (HOOD) and SoFi Technologies (SOFI) gained 6%, 5% and 3%, respectively. The bill passed committee 15-9, with Democratic Sens. Angela Alsobrooks of Maryland and Ruben Gallego of Arizona joining Republicans in support, though both signaled unresolved concerns ahead of a floor vote. The legislation would define how regulators oversee digital assets and set rules for payment, lending, custody and trading activity by financial institutions. It also would establish a framework for tokenized assets. Remaining disputes include illicit-finance provisions, ethics guardrails for elected officials and whether crypto platforms can pay interest on stablecoin holdings, an issue affecting Coinbase’s partnership with Circle (CRCL) tied to USDC (USDC-USD).