Trump Urges Congress to Pass 'Fair Version' of Clarity Act at White House Crypto Meeting

Hyperliquid's native token HYPE surged over 20% after US President Donald Trump announced that the Commodity Futures Trading Commission (CFTC) is pursuing a compliant pathway to bring the decentralized trading platform to American users. The cryptocurrency jumped from around $62 to a 24-hour high of $72.28, with trading volume reaching $1.4 billion as markets reacted positively to the regulatory news. While no formal regulatory plan has been released, Trump's remarks during a White House event have sparked optimism among investors about Hyperliquid's potential expansion into the lucrative US market. The HYPE token, representing one of the most promising decentralized exchanges, now faces the challenge of navigating the complex US regulatory landscape while capitalizing on the positive momentum generated by presidential support.

Bitcoin briefly touched $70,000 on Wednesday for the first time since early June, capping a dramatic session that combined Washington's renewed push for crypto legislation, a surprise intervention in the Treasury market and one of the most violent short squeezes of the summer. President Donald Trump used a White House gathering of crypto executives to demand movement on the stalled CLARITY Act, while revealing that regulators are exploring a compliant pathway for decentralized derivatives exchange Hyperliquid to enter the United States.

The Bitcoin price surge reflects the growing political influence in the cryptocurrency market, with the CLARITY Act potentially providing clear regulation for the sector. Hyperliquid's entry, with $1.4 billion in shorts being wiped out, demonstrates increasing institutional interest and the inherent volatility of the market. This historic moment could mark a turning point for cryptocurrency adoption, with significant implications for investors and the global digital ecosystem.

The crypto market is witnessing an extraordinary surge as Hyperliquid, Ethereum, and Solana all jump over 20% within a single 24-hour period. This exceptional performance signals growing investor confidence and potentially marks the beginning of a bullish trend that could reshape the entire cryptocurrency landscape. The remarkable appreciation of these key cryptocurrencies is drawing global attention and could trigger a broader rally across the digital asset market. With Ethereum maintaining its position as the leading smart contract platform and Solana continuing to demonstrate high throughput capabilities, this current moment presents a critical opportunity for traders and investors looking to capitalize on the crypto market's upward momentum.

President Donald Trump, speaking from the White House on Wednesday, urged the Senate to pass a crypto market structure bill to keep the United States 'ahead of China.' During a press conference with crypto industry leaders including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss, Trump called for Congress to pass 'a fair version' of the Digital Asset Market Clarity (CLARITY) Act, emphasizing its importance for US technological leadership in the rapidly evolving crypto landscape.

The market structure bill, which passed the House of Representatives in July 2025, has been stalled in the Senate for months amid concerns about tokenized equities, stablecoin rewards, and potential conflicts of interest involving the Trump family and the crypto industry. Armstrong, who spoke after Trump and US regulatory heads, stated that the bill would make US crypto policies 'durable into the future, so it could survive for decades and decades to come.' The Coinbase CEO speculated that the legislation could secure 'more than 60 votes' once the Senate addresses a cloture motion on September 18, signaling a potential breakthrough for the crypto regulatory framework in the United States.