Bitcoin jumped from $64,500 to $71,834 following Trump's public backing for the Clarity Act. The announcement signaled that regulatory clarity—not restriction—is the administration's stance on crypto.
The bill establishes a federal rulebook dividing crypto oversight between the SEC (securities) and CFTC (commodities). It sets standards for exchanges, defines treatment of decentralized finance, and includes exemptions for new tokens.
The bill passed the House in July 2025 with bipartisan support (294–134), but stalled in the Senate over ethics language banning government officials from operating crypto businesses. A September 15 procedural vote will determine its fate.
Uncertainty has cost the crypto market billions in unrealized growth. Clear rules would unlock institutional capital, reduce compliance costs for exchanges, and make it easier for traditional finance to integrate digital assets.
Bitcoin's rally isn't driven by a single catalyst; it's driven by the marginal cost of regulatory uncertainty falling. Each step toward the Clarity Act removes a risk premium from crypto valuations.
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