Key facts
- Bitcoin surpassed $72,000 following President Trump's call for the Clarity Act.
- President Trump met with crypto executives at the White House.
- Trump urged Congress to pass the Clarity Act, a bill defining digital asset rules.
Bitcoin's price surpassed $72,000 after President Trump urged Congress to pass the Clarity Act, a bill aimed at defining digital asset rules. Coinbase CEO Brian Armstrong believes positive legislation could drive Bitcoin to $400,000 by 2030.

President Trump's engagement with the crypto industry and his call for regulatory clarity could significantly influence the future of digital assets in the United States, potentially impacting market sentiment and institutional adoption.
Bitcoin surged past $72,000 after President Trump met with cryptocurrency executives at the White House and urged Congress to pass the Clarity Act, a bill intended to define digital asset rules. The price increase for Bitcoin and other crypto stocks followed Trump's public endorsement of the legislation.
During the White House meeting, President Trump specifically called for a "fair version" of the Clarity Act to be passed. This legislative push comes as President Trump himself has reportedly amassed significant wealth through cryptocurrency holdings, benefiting from foreign interests and his Truth Social business.
Meanwhile, Coinbase CEO Brian Armstrong expressed optimism about Bitcoin's long-term prospects, stating that positive digital asset legislation could help the cryptocurrency reach $400,000 by 2030.
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