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shares climbed in premarket trading on August 21, extending a sector-wide rally that put bitcoin on track for a weekly gain exceeding 20%.
The movement followed a White House meeting earlier in the week where the Trump administration urged Congress to advance the Clarity Act, legislation intended to establish clearer regulatory standards for digital assets.
The rally gained momentum after the White House convened industry leaders, including Coinbase CEO Brian Armstrong and Gemini executives Tyler and Cameron Winklevoss, alongside representatives from Kraken, Ripple, the Securities and Exchange Commission, and the Commodity Futures Trading Commission.
President Donald Trump told reporters that Congress needed to approve "a fair version" of the Clarity Act, describing it as "very, very powerful structured legislation" that would position the United States ahead of China in digital asset policy.
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