Trump urges Congress to pass Clarity Act at White House crypto summit

·1 views

President Trump called on Congress to advance the Clarity Act during a crypto-focused event held at the White House. The meeting brought together CEOs from multiple technology-oriented sectors ahead of the first Innovation Advisory Committee session at the CFTC. The gathering signaled the administration's push to establish clearer regulatory frameworks for the cryptocurrency industry. The Clarity Act is aimed at defining oversight boundaries between federal regulators for digital assets.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

HYPE Token Surges 11% After Trump Says CFTC Eyeing Hyperliquid Regulation

President Donald Trump stated during a White House meeting on Wednesday that CFTC Chair Mike Selig is actively working to bring Hyperliquid under U.S. federal regulation. Hyperliquid is a perpetual futures trading platform that currently operates outside U.S. regulatory oversight. Trump's remarks signaled a potential path for the platform to gain formal recognition within American financial rules. Following the announcement, Hyperliquid's native token HYPE jumped 11% in response to the news.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Fairshake PAC loses $2M bet in Florida primary races

Crypto-backed political action committee Fairshake suffered a $2 million loss following unsuccessful campaigns in Florida primary elections. The PAC, which is among the most prominent crypto-affiliated political groups in the US, backed candidates who failed to secure wins. The effort drew significant criticism after Fairshake's advertisements were found to feature fabricated headlines. The setback marks a notable stumble for a well-funded committee that has positioned itself as a major force in shaping crypto-friendly political outcomes.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Tops $68,000 as Treasury Bond Buybacks Fuel Crypto Rally

Bitcoin surged approximately 6% to cross the $68,000 mark following a boost in investor risk appetite. The rally was triggered after the U.S. Treasury doubled the size of its bond buyback program. The move prompted a broader crypto market uptick, with Ethereum, Solana, and crypto-related stocks also climbing. The sharp price rise led to roughly $1.4 billion in short positions being liquidated across the market.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Approaches Technical Pattern That Analysts Say Could Push Price to $76,000

Bitcoin is nearing a key technical formation that market analysts believe could trigger a significant price rally. If the pattern completes, some analysts project prices could climb as high as $76,000. The development is being closely watched by traders and technical analysts in the cryptocurrency market. No specific timeline has been given for when the pattern might fully form or the price target could be reached.

0 comments Read more at CoinDesk