Crypto stocks rebound after CLARITY Act selloff as regulators move ahead
Crypto stocks bounce back
Crypto-linked stocks rose sharply on Friday, Sep. 18, reversing losses that followed the U.S. Senate's failure earlier in the week to advance the CLARITY Act, a proposed crypto market bill. Bitcoin also climbed back above $80,000.
The rebound came as U.S. regulators moved forward with crypto-related actions using authority they already hold, rather than waiting for new legislation.
Key numbers from the rally
- Strategy rose more than 13%, while Coinbase and American Bitcoin each gained about 11%.
- Robinhood added nearly 9%, according to Yahoo Finance data.
- Circle, Strive and bitcoin miner Riot Platforms all gained between about 5% and 7%.
- Bitcoin was up about 5% over the previous 24 hours to around $80,800 at the time of writing, according to CoinGecko.
The selloff that came first
Friday's gains reversed a sharp drop triggered by the Senate's Sep. 15 vote. After that vote, Coinbase and Circle each fell about 10%, Strategy and Strive dropped about 5%, and American Bitcoin declined roughly 8%.
Regulators act without new legislation
On Thursday, the Commodity Futures Trading Commission (CFTC) granted no-action relief to providers of passive trading software, meaning it will not take enforcement action against them. The same day, the Securities and Exchange Commission (SEC) temporarily eased requirements for certain platforms that support onchain trading of tokenized securities — traditional assets such as stocks represented as tokens on a blockchain.
The CFTC also submitted a crypto market regulatory plan to the White House for review. The filing is listed as a "prerule" and does not disclose what the planned regulation would contain.
What is confirmed and what is reported
The stock price figures come from Yahoo Finance, and the Bitcoin price comes from CoinGecko, both cited in the report. The CFTC and SEC actions are described through Cointelegraph's reporting; the article does not include direct statements from either agency.
What remains unclear
The contents of the CFTC's proposed crypto market regulation are not public, and no timeline for the White House review was given. The article also does not report any next steps for the CLARITY Act itself. While the stock rally followed the regulators' moves, the report does not establish that those actions caused the rebound.
Why this matters
The swing shows how quickly crypto-linked equities have moved on U.S. legislative and regulatory news, in both directions. With Congress stalled on the CLARITY Act, regulators are using their existing authority to act — though the direction of the CFTC's planned rulemaking is still unknown.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.