White House Leak Reveals Bitcoin And Crypto Are Suddenly Braced For A Price Game-Changer

U.S. Treasury secretary Scott Bessent and Commerce secretary Howard Lutnick may also attend, according to a Coindesk report, citing anonymous sources.

The meeting was first reported by Politico, citing anonymous sources, with Bloomberg sources adding that Trump is expected to attend.

The Wednesday White House meeting will take place just before Thursday’s Commodity Futures Trading Commission’s (CFTC’s) meeting of its Innovation Advisory Committee, a panel made up of executives from top crypto, finance and prediction market companies.

After the long-awaited crypto market strucure bill known as the Clarity Act failed to get a Senate vote before the August recess, U.S. Senate majority leader John Thune scheduled a key procedural vote for the bill in mid-September, potentially paving the way for a full floor vote ​on the bill.

“Recent progress on the Clarity Act suggests that Washington continues to move toward establishing a clearer regulatory framework for digital assets,” Linh Tran, market analyst at XS.com, said in emailed comments.

“This is unlikely to serve as an immediate catalyst for bitcoin prices, but over the longer term, greater regulatory clarity could help reduce one of the key risks that has historically made traditional institutions cautious about entering the crypto market.”

The odds of the Clarity Act passing into law this year have plummeted in recent months on the Polymarket and Kalshi prediction platforms, dropping to around 20% from a peak of around 80% in the first few months of the 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," Andreja Cobeljic, head of derivatives trading at Amina Bank, said in an emailed note. “The Clarity Act could break the stalemate in either direction, but its probability has dropped and it has become partisan.”