Coinbase, BitMine, Strive, Robinhood Stocks Jump as Crypto Market Rally Starts

The crypto industry spent $8M lobbying for the Clarity Act 2026, which aimed to clarify crypto regulations in the US. The bill failed in the Senate 49-50, with key Democrats and Republicans opposing it. Markets reacted negatively, with Bitcoin and crypto-related stocks dropping. The failure was attributed to ethical concerns and banking opposition. The industry is now shifting to political spending and relying on regulators for clarity.

Coinbase (COIN) and Circle (CRCL) stocks fell as the ICBA sued the OCC for granting bank charters to crypto firms, including COIN and CRCL. The lawsuit alleges the OCC overstepped its authority. COIN dropped 3.32% to $183, below its 50-week EMA, while CRCL fell below $86 support. The ICBA seeks to revoke the OCC's rule easing charter approvals for crypto firms.

Coinbase (COIN) and Circle (CRCL) shares fell as the Independent Community Bankers of America sued the OCC over crypto charters granted to these firms. The ICBA argues the OCC exceeded its authority. Both stocks face potential downside pressures due to the legal challenge and technical indicators.

Coinbase Global Inc's (COIN) Chief Accounting Officer Jennifer Jones announced her retirement, effective upon a successor's appointment. The company has a P/S ratio of 10.43, above its historical median, and a GF Score of 78/100. Insiders have sold $343.3 million in shares over the past year. Coinbase remains unprofitable with a TTM net margin of -20.6%.

Open USD (OUSD), a stablecoin backed by 200+ institutions, launched for business payments on Sept 30, 2026. Issued by Bridge (Stripe's subsidiary) and governed by Open Standard, it's available via Stripe, Visa, and Mastercard. OUSD offers structural advantages, including equal equity stakes, $1B seed liquidity, and global payment network distribution. It launched on Ethereum, Solana, Base, and Tempo, with reserve assets held at BlackRock, Lead Bank, and BNY Mellon.

Coinbase Global Inc. (COIN) shares fell 3.8% to $182.09 on Friday, despite bullish analyst actions and favorable macro conditions. Wells Fargo initiated coverage with an Equal-Weight rating and $200 target, while Piper Sandler raised its target to $170. The average analyst price target is $218.48. Lower Treasury yields and reduced Fed rate hike odds typically support crypto-linked stocks like Coinbase, which derives revenue from crypto trading fees.