Crypto stocks rebound as U.S. regulators advance rules following CLARITY Act setback

Crypto-linked stocks rebounded after U.S. regulators moved to advance rules using existing authority following the Senate's failure to pass the CLARITY Act (US digital-asset market-structure bill). MicroStrategy, Coinbase, American Bitcoin, Robinhood, Circle, Strive, and Riot Platforms saw significant gains. Bitcoin also recovered to approximately $80,800. The CFTC issued no-action relief for passive software providers and submitted a proposed regulatory framework to the White House, while the SEC introduced a 5-year exemption for platforms facilitating the trading of tokenized securities.