Crypto-related stocks rebound as Strategy leads with over 13% gain

U.S. crypto-related stocks saw a significant rebound on Friday following a sell-off triggered by the Senate's failure to advance the CLARITY Act. Strategy (MicroStrategy) led the market with a gain of over 13%, while Coinbase, American Bitcoin, and Robinhood rose between 9% and 11%. Other stocks including Circle, Strive, and Riot Platforms also posted gains of 5% to 7%, as Bitcoin climbed back above $80,800. The recovery was supported by regulatory actions, including no-action relief from the CFTC for passive software providers and relaxed restrictions from the SEC regarding on-chain tokenized securities trading.