Neutral
Last updated: 2026-08-20 14:48:24 ET
Pulse AI Brief
Updated Aug 20, 2026 1:06 PM ET
Bitcoin jumped 4.6% to $72,475 on Thursday, extending a 12% rally over two days after President Trump urged Congress to pass the Clarity Act, a bill designed to establish regulatory clarity for digital assets. The Treasury Department simultaneously signaled support through buyback operations, removing a key regulatory overhang that had kept the asset range-bound for months.
The move breaks Bitcoin above critical resistance and signals institutional appetite returning to crypto markets. Ether and other digital assets rallied in tandem, suggesting the entire sector is repricing on reduced regulatory risk. This is the highest Bitcoin price since early June and reflects a fundamental shift in political posture toward crypto assets.
Passage of the Clarity Act would establish the first comprehensive U.S. regulatory framework for crypto, potentially unlocking trillions in institutional capital currently sidelined. Trump's backing signals crypto has moved from fringe to mainstream political priority, reshaping the 2026 legislative agenda.
U.S. immigration officials worked with Iran to deport more than 100 Iranians to Iran in 2025, newly released emails show, revealing a working relation...
Many of the alleged cyber attacks were carried out for the Iranian government, the Department of Justice says.
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