Bitcoin prices rise 10% as President Trump calls on Congress to pass crypto law
- On Wednesday, President Donald Trump is hosting cryptocurrency executives and technology leaders at The White House, continuing his administration's pursuit of crypto-friendly policies.
- SEC Chair Paul Atkins and CFTC Chair Mike Selig advanced new frameworks this week; the SEC proposed rules on Tuesday to exempt certain token offerings from securities regulations, making it easier for crypto companies to raise money.
- Ripple, Coinbase, and Nasdaq executives are attending the event, while XRP surged 6.28% to $1.07 as market participants reacted to the potential for new industry standards.
- Recent polling suggests a majority of Americans believe Trump has inappropriately profited from ventures earning him more than $1.4 billion; The White House denies any impropriety regarding his business dealings.
- The Clarity Act remains stalled in Congress, forcing the industry to rely on regulatory frameworks rather than broader legislative reform for market clarity and standardization.
143 Articles
143 Articles
Trump and top financial regulators hosted key figures in cryptocurrency and digital assets industries at White House
President Donald Trump and senior financial regulators convened leading figures from the cryptocurrency and digital assets industries at the White House on Wednesday, underscoring an aggressive push to solidify American leadership in the sector. According to a report from Fox Business, the high-level gathering centered on accelerating the CLARITY Act, a bipartisan measure designed to […]
Virtual Coins Boom after US President asked Congress to accelerate in the approval of Crypto Clarity
Bitcoin is surging again. The best-known cryptocurrency has gained more than 20% since Wednesday and is trading around $71,000 on Friday. This surge is largely driven by Donald Trump's support for the Clarity Act, a bill designed to clarify and regulate the cryptocurrency market in the United States.
Bitcoin rose by 12% in just two days and reached the highest level since early June, while Trump administration and the leaders of the crypto industry are trying to get the adoption of Clarity Act, legislation considered essential for the regulation of the US digital asset market, reports CNBC.
Trump crypto meeting signals US 'not going to slow down' in bid for digital asset dominance, expert says
Donald Trump hosted crypto and digital assets leaders at the White House to discuss the CLARITY Act, which would establish market structure regulation via the SEC and CFTC.
Trump presses Congress to pass stalled CLARITY Act on crypto
By Rajwa Quasim At a White House event with top industry executives on Wednesday, President Donald Trump urged Congress to pass the long-stalled CLARITY Act, saying it would bring clearer definitions and rules to the growing cryptocurrency sector. The CLARITY Act, which remains stalled in Congress, would establish rules for determining which tokens qualify as securities or commodities and which agencies would oversee the sector. Lawmakers now ha…
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