Trump urges Congress to pass CLARITY Act; XRP surges nearly 10% to $1.09

Published Aug 20, 10:24 AM UTC

XRP rose nearly 10% to $1.09 after President Donald Trump called on Congress to pass the CLARITY Act during a White House crypto summit on August 19, 2026. The event included Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong, SEC Chair Paul Atkins, and CFTC Chair Michael Selig. Garlinghouse noted 67 million Americans now hold crypto. The CLARITY Act vote is scheduled for September 15. Spot XRP ETFs saw $5.81 million in inflows on August 18. Analysts also attributed the broader crypto rally to the U.S. Treasury's expansion of bond buybacks, which lowered long-term yields. Bitcoin traded at $71,880, Ether at $2,288.91, and the iShares Bitcoin Trust ETF saw volume 4.5 times its 30-day average. Trump also hinted at regulating Hyperliquid, whose token rose 25%.