Crypto Stocks Keep Climbing in Tandem with Bitcoin

By Dean Seal

U.S. stocks linked to cryptocurrencies look poised to extend this week's rally to Friday, climbing alongside Bitcoin following President Trump's recent show of support for crypto-friendly legislation.

Trump met with crypto industry executives this week to publicly urge Congress to pass the Clarity Act, which would establish a favorable regulatory framework for digital currencies. The bill has stalled in Congress, but is expected to go to the Senate floor for a vote next month.

Bitcoin rallied after Trump's comments, rising 21% over the past week to $76,774.30. It has gained 7% between Thursday and Friday mornings.

The president on Wednesday namechecked crypto exchange Hyperliquid Strategies, which has seen its stock surge more than 50% in the past week through Thursday's close. Shares were up another 1% at $10.18 in premarket trading.

Shares of the prominent exchange Coinbase were up 4.6% at $180.28 ahead of the opening bell. Crypto holding group Strategy's stock rose 6.8% to $120 and Mara Holdings was up 4.9% at $11.70.

Coinbase's chief executive, Brian Armstrong, was among the executives at Wednesday's meeting with Trump. He said in an interview on CNBC afterward that he was optimistic that the Clarity Act would be passed given Senate majority leader John Thune decision to put it to a floor vote in mid-September.

"[Thune] would not have scheduled this on Sept. 15 if he didn't think it would pass," Armstrong said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

August 21, 2026 08:57 ET (12:57 GMT)