Shares of Coinbase (NASDAQ:COIN) moved dramatically higher today following a public statement by President Donald Trump voicing his support for the crypto industry and disappointment regarding legacy banks holding up the crypto market infrastructure legislation.

Currently, Coinbase shares are trading at around $208 $209, a more than 14% move higher since yesterday’s close.

The thesis is that White House pressure could move the ball forward toward the CLARITY Act’s approval in the Senate.

The administration has voiced its goal of making the US the world’s crypto capital. To accomplish this, the market needs regulatory clarity, which is being sought via legislation.

But Fintech innovation in the digital asset sector will change…