Trump's White House Meeting Boosts CLARITY Act Hopes and Cryptocurrency Prices

President Donald Trump met with top executives from major cryptocurrency companies at the White House on Wednesday to discuss the Digital Asset Market Clarity Act (CLARITY) and its prospects in Congress. The bill, which passed the House of Representatives in July 2025, aims to provide clarity on digital assets and is a key part of Trump's push for the US to lead in the crypto industry.

The meeting was attended by Coinbase CEO Brian Armstrong, Ripple representatives, Gemini executives, and others. Trump called on Congress to pass a 'fair version' of CLARITY, which he believes will help keep the US ahead of China in the digital asset space.

Armstrong said that the legislation would make the country's crypto policy durable into the future, citing his expectation that it would get more than 60 votes in the Senate. Trump backed this assessment, stating that the bill was 'very bipartisan' and had support from many Democrats.

The meeting also touched on the topic of Hyperliquid, a perpetuals-focused trading platform. Trump said that Commodity Futures Trading Commission Chair Michael Selig is working to bring the platform into the US in a fully compliant and legal fashion. This news sent HYPE jumping more than 20% and reaching $71.

Crypto markets reacted positively to the meeting, with Bitcoin gaining 7% and tapping $70,000, Ethereum posting an 18% jump and reaching $2,327, and XRP climbing to $1.14.