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Trump talks Clarity, markets hear Hyperliquid 🚀

Trump pressed Congress on the Clarity Act at a White House crypto meeting, then said the CFTC is working to bring Hyperliquid onshore—sending markets soaring.

Author

Guillermo Jimenez
August 20, 2026

đź“ť What you need to know

At a White House gathering of crypto and finance heavyweights Wednesday, President Trump urged Congress to pass a "fair version" of the Clarity Act, framing the market-structure bill as key to staying ahead of China and keeping crypto firms onshore.  

Executives from Coinbase, Ripple, Robinhood, Kraken, Nasdaq and ICE attended, alongside SEC Chair Paul Atkins and CFTC Chair Michael Selig. Trump touted his strategic Bitcoin reserve, the CBDC ban and the GENIUS Act, while knocking the Biden-era "Operation Chokepoint 2.0."

The bombshell: Trump said Selig is working to bring Hyperliquid, the largest offshore perps venue Americans can't legally use, onshore "in a fully compliant and legal fashion." Markets ripped—HYPE jumped over 20%, Bitcoin cleared $72K, and more than $3 billion in shorts were liquidated. The moves land as regulators press ahead solo, with the Clarity Act not due back on the Senate floor until September.

Trump Calls on Congress to Pass 'Fair Version' of Clarity Act at White House Crypto Meeting - Decrypt

Trump touted his admin’s crypto policies and said regulators are working to bring Hyperliquid into the U.S. under a compliant framework.

Bitcoin · BTCAugust 20, 2026
$72,463
â–˛ 6.6% past 24 hours
View live price

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đź“Š Myriad Insight of the Day

Which companies will IPO before 2027?
SHEIN99%
  
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Why it matters
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