Why Coinbase (COIN) rose 2.36% on August 4, 2026

Coinbase (COIN) rose 2.36% on August 4, 2026 — Senate Clarity Act + ARK crypto buys unlock gains.

The Senate Clarity Act advanced toward a potential pre-recess vote, and ARK made material crypto equity purchases including Coinbase, signaling institutional confidence in regulatory progress and market expansion.

Clearer U.S. cryptocurrency regulation directly expands Coinbase's addressable market and reduces compliance risk; coupled with ARK's high-profile buying (a bellwether institutional signal), sentiment improves around…

In the Crypto-Native Equities theme, Coinbase is the primary beneficiary of regulatory clarity—improved U.S. framework clarity unlocks institutional capital that flows through exchange platforms, lifting trading volumes…

If the Clarity Act vote slips again or emerges from committee materially watered down, the regulatory catalyst evaporates and the stock reprices lower on diminished long-term upside clarity.