Bitcoin jumped past $72,000 after the White House set a September 15 Senate vote on the CLARITY Act. Coinbase topped $170, Strategy crossed $100. The bill needs 60 votes.
Bitcoin jumped past $72,000 on Thursday after the White House hosted a closed-door meeting with crypto executives and regulators, setting a Senate vote on the CLARITY Act for September 15. The token traded near $72,400 as of mid-afternoon New York time, up from roughly $64,000 the prior session, according to CoinGecko data.
The meeting included SEC Chairman Paul Atkins, CFTC Chairman Mike Selig, Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, Kraken CEO Arjun Sethi, and ICE CEO Jeff Sprecher. Gemini co-founders Tyler and Cameron Winklevoss also spoke. President Trump used the session to tout the GENIUS Act stablecoin bill, the strategic Bitcoin reserve, and executive actions on crypto, while criticizing the prior administration's approach.
Armstrong posted on X after the meeting that "this Administration is committed to passing the Clarity Act – answering voters' call for consistent rules for crypto." Tenev said Robinhood is using tokenization to expand access to U.S. securities, but noted "this innovation is reaching investors abroad before the US."
The CLARITY Act would establish bright-line rules for digital asset classification and exchange registration. The bill needs 60 votes to overcome a filibuster. Most Republicans are expected to support it, but Democratic support remains the open question. Some Democrats have backed prior crypto legislation; others remain opposed.
Coinbase shares topped $170 on Thursday. Strategy, the software firm formerly known as MicroStrategy that holds a large Bitcoin treasury, crossed $100 a share and traded near $111. Both moves tracked the broader crypto rally.
The CFTC is holding an Innovation Advisory Committee meeting Friday where many of the same participants will discuss prediction markets and other products. President Trump also made a positive reference to Hyperliquid, a decentralized futures platform, driving its affiliated tokens higher.
Bitcoin proxy firms and exchange stocks have rallied in tandem with the token. The rally began after the White House confirmed the meeting on Tuesday, then accelerated after Armstrong's post confirmed the September 15 vote date.
If the CLARITY Act passes, the U.S. would have its first comprehensive federal framework for digital assets, replacing the patchwork of state-level licenses and SEC enforcement actions that have defined the sector since 2022. If the vote fails or is delayed, the sector returns to the current regulatory uncertainty, which has kept major banks and asset managers on the sidelines.
ICE CEO Jeff Sprecher attended the meeting. ICE owns the New York Stock Exchange and operates the Bakkt crypto platform. The company's Alpha Score stands at 49 out of 100, with a Mixed label.
The Senate returns from summer recess on September 8. The CLARITY Act vote is scheduled for September 15.
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