Daily Market Wrap | Mar. 04

Hot Topics

• Trump urges swift passage of CLARITY Act on Truth Social, accusing banks of undermining GENIUS Act and holding crypto legislation 'hostage.'
• Indiana Governor Mike Braun signs HB 1042 into law, requiring state retirement/savings plans to offer self-directed brokerage with at least one crypto investment option by July 2027.
• ARK Invest bought ~$4.09M in Coinbase and $12.06M in Robinhood shares on Tuesday

Market Updates

• Ripple expands Ripple Payments into full-stack end-to-end stablecoin infrastructure (custody, virtual accounts, fiat-stablecoin rails) as total processed volume exceeds $100 billion.