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Trump Backs Crypto Firms, Coinbase Shares Surge 13%

3/4/2026

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Story summary
  • U.S. President Donald Trump voiced support for crypto firms in their dispute with U.S. banks over stablecoin returns.
  • On March 1, 2026, he posted criticizing banks for undermining the Clarity Act and urged negotiation with the crypto industry.
  • Coinbase shares rose 13% after the announcement.
  • JPMorgan Chase and Bank of America saw minor declines.
  • Trump's backing could influence GOP members amid concerns about his family's crypto ties.