New York, Jan 16, 2026, 12:17 PM EST — Regular session
- Coinbase shares climbed roughly 0.7% after a selloff sparked by Washington concerns the day before. 1
- Coinbase announced it will release its fourth-quarter and full-year 2025 earnings on Feb. 12, after the market closes. 2
- Traders are keeping an eye on the possibility that lawmakers might reignite discussions on the stalled “Clarity Act,” which Coinbase recently called out. 3
Coinbase Global shares nudged up on Friday, recovering a bit of Thursday’s losses. Investors shrugged off a tough regulatory headline, shifting focus to the company’s upcoming earnings report. 1
By 12:17 p.m. EST, the stock had climbed roughly 0.7% to $240.96, bouncing back from a roughly 6.5% drop the day before. 1
The bounce follows a hiccup in Capitol Hill’s push for sweeping crypto regulations. A U.S. Senate committee delayed debate on the Digital Asset Market Clarity Act after Coinbase CEO Brian Armstrong said the company couldn’t support the bill “in current form,” according to a Reuters report. 3
On Friday, Coinbase announced it will release its fourth-quarter and full-year 2025 results after the market closes on Feb. 12, followed by a webcast the same day. 2
Armstrong took to X to say the bill had “too many issues,” adding, “We’d rather have no bill than a bad bill.” He warned the draft might limit rewards on stablecoins—cryptocurrencies tied to the U.S. dollar—and could undermine the Commodity Futures Trading Commission’s authority. 3
The Senate Banking Committee website shows the Jan. 15 executive session on the measure as “POSTPONED,” with the time now listed as TBD. 4
Summer Mersinger, CEO of the Blockchain Association, offered a cautious perspective, noting that “moments like this can be a healthy part of policymaking” by providing space for more careful consideration. 3
Coinbase investors are watching closely, as the bill seeks to clarify when tokens fall under securities or commodities, which in turn defines the SEC’s reach over the crypto space. This distinction could directly impact the business models for products Coinbase and similar firms offer to both retail customers and institutional clients. 3
Crypto prices dipped for the day, with bitcoin sliding roughly 1.8% and ether falling about 1.3%. This adds another twist for a stock frequently seen as a leveraged play on market momentum.
That said, the downside is clear. A lengthy hold-up — or a final bill capping stablecoin rewards and other perks — might crimp both activity and revenue. The ongoing policy battle could also make institutions hesitant to increase their exposure. 3
Traders now await news on whether the Senate markup will be rescheduled, alongside any updates in a revised draft. Meanwhile, all eyes are on Coinbase, which is set to release its earnings after the bell on Feb. 12. 4
