Cathie Wood Bets Big on Clarity Act Passage with Coinbase and Circle Buys

Cathie Wood's Ark Invest has been buying shares of Coinbase Global and Circle Internet Group ahead of a potential Senate vote on the Clarity Act, a regulatory framework for cryptocurrencies. The bill seeks to establish clear definitions and jurisdictional boundaries between regulators. If passed, it could benefit crypto companies like Coinbase and Circle by enabling more traditional finance engagement without fear of regulatory repercussions.

The Clarity Act would define a 'mature blockchain' as one not controlled by any person or group under common control. It would also provide clear guidelines for dividing regulatory jurisdiction between the SEC and CFTC, with the CFTC having exclusive authority over spot markets and connected blockchains. This could make it easier for exchanges to offer different cryptocurrencies without worrying about securities registration laws.

The bill has been pending in the Senate since June 2025, but its passage is uncertain. As of July 9, the odds of receiving more than 60 votes were only 25%, according to Kalshi. Despite this uncertainty, Cathie Wood and Ark Invest are betting on the Clarity Act's passage.