Bitcoin Soars on Trump Meeting and Clarity Act Hopes

Regulatory clarity in the US sparked a massive rally in Bitcoin and Ethereum. The price of Bitcoin surged by over 22% within five days, reaching its highest level since late May at $81,235.

The catalysts behind this rally were two-fold: the Senate's procedural calendar and President Trump's meeting with top crypto CEOs at the White House on August 19.

Senate Majority Leader John Thune filed a cloture motion on August 10, scheduling a procedural vote for September 15. This move raised hopes that the Digital Asset Market Clarity Act, which has stalled twice in the Senate since passing the House in 2025, might be passed before year-end.

Institutional allocators began pricing in this possibility, and spot ETF inflows surpassed $3 billion for the month of August. This influx of capital is a sign that institutional allocation appetite has not dimmed between congressional sessions.