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Bitcoin surges past $72,000 after Trump pushes Clarity Act
The move follows a nearly 12% 24-hour jump to about $71,758, and lawmakers now plan to vote on the Clarity Act in September instead of August.
Bitcoin climbed past $72,000 after a White House meeting between President Trump and crypto executives, with the rally extending a nearly 12% gain over the prior 24 hours. By 8am in New York, Bitcoin was trading around $71,758, after earlier touching $72,344.
The article says Trump urged lawmakers to pass the long-awaited Clarity Act and argued that the legislation would help keep the U.S. ahead of China. It also notes he suggested he would listen to regulatory recommendations on adding to a Strategic Bitcoin Reserve.
The planned timing for the bill also shifted, with lawmakers previously hoping for an August vote but now looking toward a September vote. The measure would set a framework for distinguishing digital assets that are securities, commodities, or payment stablecoins, according to the report.
Bitcoin’s advance also drew support from the Treasury Department announcement that it would more than double the size of government debt repurchases, which the article links to lower long-term yields and a weaker dollar. The story adds that Bitcoin, which previously traded under $65,000 for much of July and August, has faced challenges in 2026 despite reaching a new all-time high of $126,080 in October.
Latest closeBitcoin $71,707.39 ▲3.5%