Bitcoin and ether prices surged Thursday after President Donald Trump urged Congress to pass the Crypto Clarity Act [1].

The move signals a potential shift toward a formalized federal framework for digital assets, which could reduce the regulatory uncertainty that has historically deterred institutional investors.

The president said the legislation is necessary to provide clear rules for the cryptocurrency sector [1]. This push for legislative action occurred during premarket trading on Aug. 20, sparking immediate reactions across national financial markets [2].

Market volatility followed the announcement. Bitcoin rose 11% over a two-day period [3]. Price reports varied during the surge, with some data showing the asset topped $75,000, its highest level since May [4]. Other reports indicated the price surged further, passing $79,000 [5].

Trump said the act would create a stable environment for the industry [1]. By establishing a clear regulatory perimeter, the administration aims to balance innovation with oversight, a goal that has remained elusive under previous legislative attempts.

The rally extended beyond Bitcoin to include ether and various crypto-linked shares [2]. Analysts said that the coordination between the executive branch and crypto executives suggests a concerted effort to secure the bill's passage before the legislative session concludes [3].

While the market responded positively, the bill still faces the standard hurdles of congressional debate and committee review. The outcome depends on whether lawmakers can agree on the specific definitions of securities, and commodities, within the digital-asset space.

“Bitcoin rose 11% in two days”

The alignment of the U.S. presidency with the cryptocurrency industry suggests a strategic move to integrate digital assets into the formal financial system. If the Crypto Clarity Act passes, it would likely transition the sector from a period of 'regulation by enforcement' to a predictable statutory framework, potentially increasing the volume of institutional capital entering the market.