Trump Says US is the 'Hottest Country' and CLARITY Act Will Keep it Ahead Of China — Bitcoin Purchase 'Been Talked About'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

President Donald Trump reiterated on Wednesday his commitment to preserve the U.S. leadership in Bitcoin, cryptocurrency and prediction markets.

Trump Asks Congress to Move Quickly on CLARITY Act

Trump hosted White House cryptocurrency summit alongside CFTC Chairman Michael Selig and SEC Chairman Paul Atkins. Executives from cryptocurrency and prediction-market companies, including Coinbase Global Inc., Robinhood Markets Inc., Ripple and Kalshi were present.

"We're ensuring that America remains the undisputed leader not only in Bitcoin and crypto, but also technologies like prediction markets, artificial intelligence, and much more," Trump said.

Don't Miss:

He added that the U.S. is currently the "hottest country" in the world and urged Congress to take the next step by passing the CLARITY Act.

"It's a very powerful structured legislation which will keep us ahead of China," Trump stated.

Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time

Will the US Buy Bitcoin?

Trump also congratulated Selig for "working very hard" to bring Hyperliquid—a decentralized exchange known for facilitating perpetual futures trading—into the U.S. "in a fully compliant and legal fashion."