Trump Pushes CLARITY Act as Bitcoin Surges: Is Crypto Finally Getting the Rules It Needs?

Bitcoin’s reemergence toward $80,000 has coincided with another potentially vital development for the crypto industry: president Donald Trump is pushing the Senate to complete the CLARITY Act.

At a White House event on August 19, Trump was calling for lawmakers to pass comprehensive crypto market-structure legislation that would allow the U.S. to overtake China in digital assets.

Bitcoin then surged above $80,000 for the first time since May, though regulatory optimism was only one factor behind the rally. Related: Senate Crypto Bill Under Fire: How Banking Lobbyists Are Fighting the CLARITY Act What Is the CLARITY Act?

The Digital Asset Market Clarity Act was previously passed by the House of Representatives with a bipartisan 294-134 vote in July 2025.