Back to today’s briefing

Story perspectives

Trump Urges Congress to Pass CLARITY Crypto Bill

8/26/2026

29 3 Full Breakdown

Summary

Story summary

President Donald Trump urged Congress to pass the CLARITY Act cryptocurrency regulation bill.
Bitcoin rose above $80,000, hitting $80,453, its highest level since mid-May.
Treasury Secretary Scott Bessent announced the Treasury will double long-dated bond buybacks to $4 billion.
Options traders are betting on longer-term Bitcoin gains rather than short-term positions.
A procedural vote on the CLARITY Act is set for Sept. 15.

History

Historical Context

In July 2014 the New York State Department of Financial Services, led by Superintendent Benjamin Lawsky, proposed the BitLicense, a regulatory regime for virtual-currency activities that took effect on August 8 2015. The rule prompted the “Great Bitcoin Exodus,” with ten firms exiting New York, and the first license was granted to Circle in September 2015, followed by Coinbase in March 2017.

1 of 2

Story summary

President Donald Trump urged Congress to pass the CLARITY Act cryptocurrency regulation bill.
Bitcoin rose above $80,000, hitting $80,453, its highest level since mid-May.
Treasury Secretary Scott Bessent announced the Treasury will double long-dated bond buybacks to $4 billion.
Options traders are betting on longer-term Bitcoin gains rather than short-term positions.
A procedural vote on the CLARITY Act is set for Sept. 15.

1 / 2