Crypto stocks rebound after CLARITY Act selloff — SkimNews
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- Circle, Strive, and Riot Platforms each gained between about 5% and 7%, leading a broader rebound across crypto-linked equities alongside Bitcoin's roughly 5% rise to around $80,800 in the past 24 hours.
- Coinbase and Circle had dropped about 10% immediately after the Senate's Sept. 15 vote against advancing the CLARITY Act, with Strategy and Strive falling about 5% and American Bitcoin declining roughly 8%.
- Bitcoin (BTC) was up about 5% over 24 hours to roughly $80,800 at the time of writing, per CoinGecko data cited in the article.
- The CFTC provided no-action relief to passive software providers on Thursday, while the SEC temporarily eased requirements for certain platforms facilitating onchain trading of tokenized securities.
- The CFTC separately submitted a crypto market regulatory action for White House review through a "prerule" filing that does not disclose details of the planned regulation.
- US regulators have moved ahead with crypto-related actions under their existing authority since the CLARITY Act failed, indicating agencies are not waiting on stalled legislation to act.
Why it matters: The rebound shows crypto equities and Bitcoin clawed back the bulk of their CLARITY Act-driven losses within days, but the SEC and CFTC's parallel moves under existing authority — including tokenized-securities relief and a White House-bound prerule — mean the regulatory clock is still ticking even without comprehensive market-structure legislation.
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