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Bitcoin and Ether Rise After Trump's Call for Crypto Regulatory Framework

Following President Donald Trump's endorsement, Bitcoin and ether prices have jumped as a regulatory bill gains traction in Congress.

20 August 2026Tagblick Newsdesk

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Archive photo: Bitcoin and Ether Rise After Trump's Call for Crypto Regulatory Framework — Archive photoPhoto: stockcatalog · Flickr · BY

Bitcoin's value has surged approximately 12% over two days, reaching levels not seen since early June. This increase follows U.S. President Donald Trump's advocacy for the Clarity Act, a proposed bill aimed at establishing a regulatory framework for the cryptocurrency industry.

Alongside Trump, several cryptocurrency executives have joined efforts to support the Clarity Act, emphasizing the need for clearer regulations within the sector. The push for this legislation appears to have contributed to the recent uptick in cryptocurrency values, particularly Bitcoin and ether.

In a related development, Brian Armstrong, CEO of Coinbase, has spoken about the significance of the Clarity Act for the crypto industry during an interview with CBS News. He discussed how regulation could provide necessary guidance and stability in the evolving market.

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