Crypto-related stocks surged on Wednesday after President Donald Trump publicly backed the digital asset industry and US regulators advanced plans to bring clearer rules to the sector. The rally swept across exchanges, miners, and treasury companies simultaneously.
Strategy, the Bitcoin treasury company, climbed more than 10%. Coinbase gained more than 14%. Miners Hut 8 and American Bitcoin Corp rose 13.89% and 11.65%, respectively. The moves tracked a broader crypto market surge, with Bitcoin jumping 7.6% in 24 hours to trade at $72,866 and Ether rising more than 8.3% to $2,132.
Policy signals driving the move
Speaking at a White House roundtable on Wednesday, Trump said, “In crypto, we want to be dominant; we want to be dominant in everything we do.” He also pushed for the Senate’s crypto market structure bill to pass and publicly criticized US banks for what he described as slow movement on the CLARITY Act.
Pav Hundal, lead analyst at Australian crypto platform Swyftx, told Cointelegraph the combination of executive pressure and legislative momentum is directly feeding into stock prices. “The market is putting a policy premium in the tape right now, and it is inflating crypto stocks,” he said. “We’ve got a double whammy of Trump pushing Congress on legislation and picking a fight with US banks for dragging their heels over the CLARITY Act.”
Hundal pointed to Coinbase as the clearest beneficiary. “Coinbase is basically the cleanest large-cap expression of that in US equities,” he said.
Regulators move in parallel
On the regulatory side, the Commodity Futures Trading Commission filed a regulatory review for prediction markets. The Securities and Exchange Commission filed a pending application Tuesday addressing how federal securities laws govern certain crypto assets and transactions. Both moves signal that Washington’s institutional machinery is catching up with political rhetoric.
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Dominick John, an analyst at Zeus Research, framed the broader picture for Cointelegraph. “Crypto equities are rallying as regulatory risk is being fundamentally redefined. With the executive branch championing a clear digital asset framework, coupled with robust spot ETF inflows and the potential passage of the Clarity Act,” he said, adding that institutional flows and receding policy risk give crypto equities “room to reprice higher in the medium term.”
The rally has limits
Hundal was measured about how long the momentum can hold. If legislative progress stalls, or Bitcoin pulls back, the stock gains could reverse just as quickly as they appeared.
“Crypto stocks are obviously rallying on the expectation of political progress, and there is no reason that couldn’t continue. But things change quickly with this White House,” he said. “If we see this regulatory debate go stale, or hit a wall, or Bitcoin is hit, it’s not hard to imagine a correction.”
He added that the current pricing reflects leverage on two distinct bets: “Coinbase is pricing policy optionality, miners are pricing operating leverage on the leading asset by market capitalization in the sector. It works while BTC holds up, and can still unwind fast if this momentum hits a snag.”
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice.
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