Coinbase shares are surging Tuesday as Treasury Secretary Scott Bessent's comments about the Clarity Act's imminent passage ignited fresh optimism across the crypto market.

Coinbase executives reversed their January opposition to endorse the CLARITY Act after banking compromises reshaped the digital asset regulatory bill.

Coinbase's Ryan VanGrack said the Clarity Act is gaining strong Senate momentum and argued it would bring long-awaited federal rules, stronger consumer protections, and regulatory…