US stocks: Crypto shares climb after Trump advocates for Clarity Act

Cryptocurrency stocks experienced a significant uptick following President Trump's appeal to Congress for digital asset legislation. He emphasized the need for a refined version of the Clarity Act, aiming to delineate digital assets as either securities or commodities for better regulatory oversight. Major cryptocurrencies like Bitcoin and Ether responded positively, and the crypto exchange Coinbase also saw a rise. Many industry experts agree this legislation is vital for regulatory clarity.