Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for the digital asset sector, following a White House meeting with industry executives.<\/p>\n\n\n\n
Trump, a vocal cryptocurrency advocate who has promised to make the U.S. the \u201ccrypto capital of the world,\u201d called on lawmakers to pass a \u201cfair version of the Clarity Act,\u201d an industry-backed bill stalled in the Senate.<\/p>\n\n\n\n
The act, if enacted, would define whether cryptocurrency qualifies as a security or a commodity, clarifying jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission over the sector.<\/p>\n\n\n\n
Industry executives and analysts say that without legislation, regulations are vulnerable to shifting political winds and court challenges.<\/p>\n\n\n\n
However, many Democrats, and some Republicans, say they would not support a bill without strong language banning political officials, including Trump, from profiting from their own crypto ventures.<\/p>\n\n\n\n
President Trump disclosed more than $1.4 billion in earnings from his family\u2019s crypto ventures in 2025.<\/p>\n\n\n\n
Bitcoin, the world\u2019s largest cryptocurrency, rose 3.4% and pushed through resistance levels that had held since early June, moving past the $70,000 mark to highs of about $71,700. Ether gained 3.3%, its highest level in over three months.<\/p>\n\n\n\n
The moves mirror the boost the sector received when the GENIUS Act was signed into law in July 2025, establishing a regulatory framework for stablecoins. Crypto exchange Coinbase Global gained 8.4%, while bitcoin bull Strategy rose 10%. Miners Riot Platforms, MARA Holdings , Hut 8 and Bit Digital rose between 3% and 6%.<\/p>\n\n\n\n
Bitcoin mining machine maker Canaan surged 20%, stablecoin issuer Circle gained 8% and retail trading platform Robinhood Markets advanced 5%.<\/p>\n\n\n\n
The gains come despite a broader 2026 slump. Bitcoin has lost about 18% so far this year.<\/p>\n","protected":false},"excerpt":{"rendered":"
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