Crypto surges as US deregulation hopes grow after Trump backs Clarity Act - CHOSUNBIZ

Cryptocurrency markets rose as expectations of a more accommodating US regulatory environment increased after President Donald Trump backed the Clarity Act, according to Chosunbiz. The move was viewed by market participants as a positive signal for the digital-asset industry, which has long sought clearer rules from Washington.

The Clarity Act refers to proposed US legislation aimed at establishing a framework for digital-asset markets. Its central importance is the potential to define how crypto assets and related businesses are regulated, including the respective roles of federal oversight bodies. Supporters argue that clearer rules could reduce uncertainty for companies, investors and market infrastructure providers.

Trump’s backing added to hopes that the US could shift toward deregulation or a more industry-friendly approach to crypto policy. The reported market reaction underscored how closely digital-asset prices can respond to political developments and expectations surrounding regulation, even as the legislative process and final policy outcomes remain uncertain.