Bitcoin, crypto shares climb after Trump pushes Clarity Act

Aug 20 : 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.Trump, a vocal cryptocurrency advocate who has promised to make the U.S. the "crypto capital of the world," called on lawmakers to pass a "fair version of the Clarity Act," an industry-backed bill stalled in the Senate.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.Industry executives and analysts say that without legislation, regulati