President Trump hosted executives from Coinbase, Kraken, Ripple, Chainlink, NYSE, Nasdaq and Robinhood at a White House crypto summit, using the meeting to float the idea that the US government could add Bitcoin to its holdings. The remarks landed the same day Bitcoin surged past $69,700 on a separate Treasury announcement, giving the summit an unusually favorable market backdrop. Asked whether the administration has plans to accumulate a sizable amount of Bitcoin, Trump said: "It's been talked about. It's been very, very good for the dollar. If you came in with recommendations, I would certainly" consider them, leaving the specifics of any purchase plan undefined.
Trump used the same appearance to declare that "we ended the war on crypto once and for all, and it's been booming," while calling on Congress to pass what he described as a fair version of the CLARITY Act to keep the US ahead of China. "They don't have to go to other countries to do their business. We're way ahead of China," he said, framing US crypto policy as a competitiveness issue rather than purely a domestic regulatory one.
Coinbase Pushes the September 15 Vote
Coinbase CEO Brian Armstrong told the summit that the Senate's September 15 vote on the CLARITY Act is "the most important" thing on the industry's agenda next, arguing the bill would make the administration's crypto progress "durable for decades and decades to come." The summit followed the SEC's release of new industry guidelines making it easier for crypto firms to register token offerings, part of what several attendees described as a shift toward advancing policy through agency action while the CLARITY Act remains stalled in Congress.
Related: SEC Proposes New Crypto Fundraising Rules With Up to $75M Exemptions
Hyperliquid's Onshoring Push
The most immediate market reaction came from a separate comment on Hyperliquid, the decentralized exchange that currently blocks all US users. Trump said CFTC Chairman Mike Selig is working to bring the platform into the United States in a "fully compliant and legal fashion." HYPE, Hyperliquid's token, jumped as much as 19% from around $57 to $69 within minutes of the remark, with traders framing US approval as a path to unlocking a platform that processes more than $200 billion a month in volume for a market it currently cannot legally serve.
What Comes Next
None of the announcements from the summit carry immediate regulatory force on their own — the SEC's new rules apply narrower fundraising exemptions than a full CLARITY Act framework would, and Hyperliquid's US entry still depends on formal CFTC action rather than a presidential remark. The next concrete checkpoint is the Senate's CLARITY Act vote scheduled for September 15, which will determine whether Wednesday's rhetoric translates into the legislative clarity the industry has been asking for since the bill first stalled.
