The crypto market is not populated only by cryptocurrencies. There are also companies with stocks traded on the stock exchange that are closely and deeply involved with the crypto market.
Three of these are Circle, Coinbase and BitGo, that is, 100% crypto companies that are nevertheless listed on traditional stock exchanges.
In recent days their stock prices have been performing well thanks to positive forecasts.
Summary
The Clarity Act
This dynamic revolves around the Clarity Act.
The Digital Asset Market Clarity Act of 2025 is a US bill concerning the cryptocurrency and digital asset sector. It is one of the most important regulations for governing the crypto market in the USA.
If it is approved, it will provide regulatory clarity to the crypto sector, introduce clear definitions of which tokens are “securities” and which are “commodities”, and regulate exchanges, brokers, dealers, DeFi and stablecoins.
It is a sort of “American MiCA” (MiCA is the European regulation on crypto markets).
The Clarity Act is a bipartisan initiative, to the point that it has received broad support in the House from both Republicans and Democrats.
However, its approval process, now passed to the Senate, has been stuck for months in the Banking Committee.
Obstacles to its approval have in fact been identified, particularly on issues such as yields on stablecoins and the provisions on DeFi, and there is no agreement within the committee.
Although a date has not yet been set for when it will be put to a vote in the Senate, several analysts argue that there is a 50% chance that it could be definitively approved by the end of the year.
These odds seem to have increased slightly recently, to the point that some are beginning to speculate about somewhat shorter approval timelines. It is precisely this recent increase in probabilities that has had a positive effect on crypto stocks.
Circle
Circle is listed on the New York Stock Exchange (NYSE) under the ticker CRCL.
It went public less than a year ago (June 2025), and since then its price trend has always been decidedly volatile.
Circle is the company that issues and manages the USDC stablecoin, the second most used in the world. The Clarity Act will presumably have a significant impact on stablecoins, and USDC is already the most compliant in the world with various regulations.
After an absurd price peak recorded less than three weeks after launch, with the arrival of the bear market the price had plummeted to $50 at the beginning of February 2026.
Starting from 6 February, however, a rebound began that ended shortly after mid-March at $137 with an incredible +175% in less than a month and a half.
That was clearly a speculative bubble, so much so that it burst starting from the last week of March.
The price at that point fell to $85 at the beginning of April, but with the positive news that arrived from the Clarity Act it has since recorded a mini-rally that has allowed its price to gain 41% in a month.
In particular, just yesterday, thanks to some statements by a senator according to whom significant progress has recently been made in the approval of the Clarity Act, it jumped 20% in a single day.
Given that the current price ($120) is still lower than the local peak of $137 in March, if the news on the Clarity Act were to be confirmed it should in theory still have some room to rise further.
Coinbase
Coinbase is listed on Nasdaq under the ticker COIN.
Here the situation is different, because it has been listed since 2021 and is therefore in its second crypto bear market.
Coinbase is the main American crypto exchange, therefore the Clarity Act concerns it very closely.
During the 2022/2023 bear market the price of its shares fell to a minimum low of $32.
However, already in the second half of 2023 it recorded a rebound, so much so that in March 2024 it exceeded $280 with an incredible +760% in less than a year and a half.
Indeed, with the Trump trade at the end of 2024 it even climbed back to $350, and during the 2025 bull run it went on to record new all-time highs above $440.
The subsequent bear market, still ongoing, brought it back down to a local low of $139, again recorded in February of this year, but which is still perfectly in line with the local low of 2025, recorded in the middle of the bull run.
In the last two months it has risen by 45%, but the current price ($203) is still clearly lower, for example, than the local peak in January when it exceeded $260.
Therefore, in this case as well, the logic holds that, in the event of further progress on the Clarity Act, its price still has room to rise.
BitGo
BitGo is also listed on the New York Stock Exchange (NYSE), under the ticker BTGO.
Its listing, however, is very recent, dating back only to January 2026.
In light of this, it is impossible to carry out a real analysis of its price trend over the medium-long term, and one has to settle for the short term.
To tell the truth, the initial listing price of $22, which came in the middle of a bear market, cannot be taken as a useful reference point for comparison with subsequent prices.
It is instead better to start the analysis from the minimum low at the end of March, when it had plummeted to $7.
Since then the rebound has been significant (+58% in just over a month), but the current price of $12 is already in line with the local peak in March itself. Excluding the crazy initial listing, in the medium-short term it does not seem that BitGo’s share price currently has ample room for further growth.
Moreover, BitGo is a crypto company specialized in institutional custody and infrastructure for digital assets, therefore perhaps less subject to drastic changes in the event of approval of the Clarity Act.
