On August 20 (US time), Coinbase (COIN) stock was surging 7.42% and trading around $172.09 during market hours. Since yesterday's close was around $160, that's a pretty healthy jump in just one day. To be precise, this is the intraday movement, so it can swing back and forth by the minute. But here's the thing—this company posted a net loss of $359.5 million in earnings results two months ago. So why's a money-losing company's stock jumping like this? The answer wasn't in the financials. It was in the White House. When Crypto CEOs Get Called to the Oval Office On Wednesday, August 19 (US time), President Trump summoned crypto and finance industry leaders to the Roosevelt Room at the White House. Coinbase CEO Brian Armstrong showed up, as did Brad Garlinghouse from Ripple, Vlad Tenev from Robinhood, and Arjun Sethi from Kraken. At that meeting, Trump leaned on Congress to move the Clarity Act (Digital Asset Market Clarity Act) . It's a bill t...