Browsing: Trump

Bitcoin, crypto stocks surge 11% as Trump pushes CLARITY Act at White House summit   Business

WASHINGTON — President Donald Trump on Wednesday urged Congress to pass the CLARITY Act during a White House meeting with cryptocurrency and financial industry leaders.

President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies. Current law gives his administration several ways to increase federal crypto holdings, though no public authority gives Treasury a funded program for multibillion-dollar open-market purchases.

The Trump administration is aggressively pushing forward with executive actions to bolster the cryptocurrency industry as comprehensive regulatory legislation stalls in the Senate.

Bitcoin, ether and other cryptocurrencies surged after U.S. President Donald Trump urged Congress to pass a bill expected to boost the sector.

This episode of “The Daily Wolf with Scott Melker” explores Trump urging Congress to pass the CLARITY Act at White House summit, bitcoin (BTC-USD) hitting $70,000 and ethereum’s (ETH-USD) latest upgrade.

Written by: Sophia Cruz•Thursday, August 20, 2026•2 min read •Last updated: Thursday, August 20, 2026

Bitcoin (BTC-USD) surged past $70,000 after Trump met with cryptocurrency leaders at the White House and called on Congress to pass the CLARITY Act. Yahoo Finance Fed Correspondent Jennifer Schonberger reports on who was among the two dozen attendees at the meeting and whether there is real progress on the stalled digital asset legislation.

A new poll highlights concerns over President Trump’s cryptocurrency earnings as his administration pushes regulations for the industry, raising ethical and legal questions.

Democrats have called World Liberty Trust Company a stark example of corruption but officials claim there is no insider dealing