Coinbase, Strategy and other companies tied to the cryptocurrency market rallied on Friday, recovering after a selloff linked to the CLARITY Act. The move followed steps by the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) to proceed with crypto-related actions under their existing authority, according to Cointelegraph. The developments provided a fresh focus for publicly traded crypto-linked firms after the recent pressure. The rebound was concentrated among companies with direct or notable exposure to the digital-asset sector, including Coinbase and Strategy. The broader market context also remains relevant for crypto assets tracked alongside these equities, including BNB Attestation Service (BAS), Chainlink (LINK) and Movement (MOVE). No price data or details on the specific regulatory actions were provided in the source material.
