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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

BTC Price Climbs to $72,000 After Trump Supports Clarity Act Targeting Crypto Deals by Presidents and Congress Members

Bitcoin prices surged due to positive regulatory sentiment and multiple economic drivers. (Credit: Flickr/joncutrer)

Bitcoin prices soared above $72,000 per token during premarket hours on Thursday, a day after US President Donald Trump hosted executives from leading cryptocurrency firms at the White House crypto event and urged Congress to pass the proposed Digital Asset Market Clarity Act.

The revised act would bar Congress members, the president, the vice president, and certain federal officials from issuing or sponsoring digital assets for profit while in office.

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