Trump Crypto Meeting Boosts BTC, ETH, XRP as CLARITY Act Faces Senate
President Donald Trump met with Coinbase, Ripple, Gemini and other crypto executives at the White House to push a stronger US stance on digital assets. The core focus was the CLARITY Act (Digital Asset Market Clarity Act), which passed the House in July 2025 but remains stalled in the Senate.
Trump urged Congress to approve a “fair version” of CLARITY and said the bill would help the US stay ahead of China. Coinbase CEO Brian Armstrong called the policy “durable into the future,” expecting the bill could clear a Senate cloture vote on September 15 with “more than 60 votes.” Trump also claimed US discussions about buying “sizable” amounts of Bitcoin and other cryptocurrencies.
Market reaction was immediate. Bitcoin gained about 7% to near $70,000. Ethereum jumped nearly 18% to around $2,327. XRP rose to about $1.14. Traders also reacted to remarks involving Hyperliquid: Trump said CFTC Chair Michael Selig is working to bring Hyperliquid’s perpetuals trading platform into the US in a “fully compliant and legal fashion,” and HYPE surged more than 20%.
Despite the bullish tape, the key risk remains political. Democratic Senator Ruben Gallego warned against rushing a vote, citing unresolved disagreements over ethics and stablecoin yield. He also noted Democrats have pushed language to restrict public officials, including the president, from selling digital currencies—where talks with the White House have made “little progress.”
Bullish
The meeting delivered immediate, price-sensitive signals: concrete engagement with major exchanges and a clearer path narrative for the CLARITY Act helped lift BTC, ETH, and XRP quickly. In addition, comments about CFTC Chair Michael Selig working to bring Hyperliquid’s perpetuals platform into the US in a compliant way triggered a direct altcoin beta response (HYPE +20%+). This resembles past “regulatory momentum” moments where policy optimism temporarily outweighed procedural uncertainty.
However, the long-term driver is still Senate process. The CLARITY Act passed the House but faces Senate disagreements over stablecoin yield and ethics/conflict issues. That creates a classic pattern: short-term rallies on headlines, followed by consolidation or volatility as traders reassess odds of Senate progress.
For traders, the near-term implication is momentum chasing may work while headlines flow, but risk management is crucial around the September 15 cloture schedule. If the vote gets closer without resolution, gains may fade; if momentum improves with signals of cross-party support, the rally could extend beyond immediate oversold bounce behavior.