Crypto exchange stocks Coinbase Global (COIN), Galaxy Digital (GLXY), bitcoin miners, and other crypto-linked equities surged on Wednesday trading after President Donald Trump urged banks on Tuesday to back crypto legislation. Bitcoin and Ethereum jumped as traders responded to the development.
The strongest moves were seen in Coinbase Global (COIN) and Galaxy Digital (GLXY), with bitcoin miners also contributing to the gains. The rally followed President Trump’s urging to back crypto legislation, signaling potential policy progress for the crypto sector. Crypto-related equities rallied on Wednesday as President Trump urged banks to back crypto legislation, boosting sentiment for crypto names such as Coinbase Global and Galaxy Digital. Coinbase Global (COIN), Galaxy Digital (GLXY), and several crypto miners surged as traders digested the policy signal.
Bitcoin and Ethereum also moved higher on the news. The moves were led by Coinbase Global and Galaxy Digital, with miners contributing to the broader rally. The response followed President Trump’s call to advance crypto policy, suggesting potential progress for the sector despite ongoing regulatory uncertainty. Investors will monitor further policy clarity and regulatory developments, which could influence crypto equities in coming sessions.
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