Shares of Coinbase, Circle and Bullish moved higher after backers of the Clarity Act expressed confidence in the U.S. digital-asset bill. The gains reflected improved expectations for legislative progress rather than confirmed passage. President Trump called for the bill’s passage as it faced difficulties in the Senate, highlighting the gap between supportive political messaging and a completed vote. Investors appeared to treat the three companies as a group exposed to U.S. crypto policy, with exchanges and stablecoin issuers especially sensitive to regulatory developments. Circle, the USDC issuer, has also drawn institutional attention since its public debut, when ARK Invest acquired 4.5 million Circle shares on its NYSE debut. Traders will be watching for concrete legislative steps, including activity involving the Senate Banking Committee and any scheduled votes, because sentiment-driven gains could reverse if progress stalls.