Robinhood Hits $100 Again as Trump’s Crypto Push Sends Coinbase and Bitcoin Surging
TLDR
- Robinhood stock jumped 5% in pre-market trading, briefly hitting $100.60
- Coinbase surged 9.6% in early trading after closing up 10% on Wednesday
- President Trump urged Congress to pass the Clarity Act at a White House crypto summit
- Bitcoin rose 11% to $71,755, its highest level since early June
- On-chain tokenized equity trading has already hit $9 billion in 2026, up over 800% year-to-date
Robinhood and Coinbase shares pushed higher on Thursday after President Donald Trump called on Congress to pass the Clarity Act, a bill that would regulate Bitcoin and other cryptocurrencies as commodities rather than securities.
Robinhood rose 5% in pre-market trading, touching $100.60. Coinbase climbed 9.6% in early trading, following a 10% gain the day before. Strategy, a major Bitcoin investor, was also up 5%.
The moves came after Trump met with crypto industry executives at the White House on August 19 and publicly backed the legislation. The Clarity Act is set for a procedural vote on September 15.
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