Crypto-linked equities saw a significant recovery on Friday, reversing losses triggered earlier in the week by the Senate's failure to advance the CLARITY Act on September 15. The rebound coincided with Bitcoin price climbing back above $80,000.
Strategy led the market gains with an increase of over 13 percent. Coinbase and American Bitcoin followed with growth of approximately 11 percent each, while Robinhood shares rose by nearly 9 percent. Other companies, including Circle, Strive, and Riot Platforms, recorded gains between 5 and 7 percent.
The market shift followed recent regulatory activity from US agencies. On Thursday, the CFTC provided no-action relief to passive software providers and submitted a new crypto market regulatory action for White House review. Simultaneously, the SEC eased requirements for platforms facilitating onchain trading of tokenized securities.
