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Trump Pushes for Crypto Clarity Amid Bitcoin Surge

Guavy AI Editorial Team Published August 21, 2026

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BTC

Bitcoin surged past $70,000 on August 20th after President Donald Trump called for clearer laws on digital currencies.

Trump's push for the Clarity Act has revived hopes of regulatory stability in the crypto industry.

The bill aims to define whether cryptocurrencies are securities or commodities and clarify oversight between the SEC and CFTC.

Coinbase Global Inc. (COIN) shares soared 5.7% as Bitcoin rose 3.8%, while Strategy Inc. (MSTR) jumped 5.8% and Canaan surged 12.5%.

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