- President Donald Trump is expected to attend a White House meeting with top crypto executives and regulators this week.
- Bitcoin has stagnated near $60,000 after crashing 50% from its October 2025 highs, despite political support.
- The Clarity Act, a major market structure bill, faces dwindling odds of passage this year after failing a pre-recess vote.
President Donald Trump is expected to join a White House meeting this Wednesday with executives from Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi, according to a report citing anonymous sources. Politico first reported the meeting, with Bloomberg sources later adding that Trump is expected to attend.
The meeting will include top regulators CFTC Chair Michael Selig and SEC Chair Paul Atkins, with Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick possibly participating. Meanwhile, the Bitcoin Price has traded sideways near $60,000 for six months after crashing roughly 50% since last October.
BlackRock has revealed it sees something shifting in the market, according to the report. However, the odds of the Clarity Act passing into law this year have plummeted to around 20% on prediction platforms Polymarket and Kalshi, down from an 80% peak earlier this year.
“The picture in bitcoin is more constructive than it has been in months, but every indicator that matters is stacked into a single resistance zone between $67,000 and $70,000,” said Andreja Cobeljic, head of derivatives trading at Amina Bank. “The Clarity Act could break the stalemate in either direction, but its probability has dropped and it has become partisan.”
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