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BTC 
ETH President Donald Trump's efforts to push for new cryptocurrency legislation sent his family's Solana-based memoin sharply higher this week, while the broader cryptocurrency market rallied on renewed optimism about U.S. digital asset regulation.
Memoin rose due to Trump's call for clarity on the bill.
The official Trump token (Solana: 6p 6xgHyF7AeE6TZkSmFsko 444wqoP 15icUSqi2jfGiPN) rose 28% in two days to reach US$441 million; the official Melania token (Solana: FUAfBo 2jgks 6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P) rose 24% to reach US$86 million. These trends occurred after Trump met and spoke with top cryptocurrency industry executives at the White House.
President Trump urged Congress to pass digital asset market structure legislation as he presided over a meeting of cryptocurrency executives at the White House-the industry's top priority. The president has called for a "fair version" of the Digital Asset Markets Clarity Act, which is currently deadlocked in the U.S. Senate.
Several top cryptocurrency executives, including Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, Kraken co-CEO Arjun Sisi, and Intercontinental Exchange CEO Jeffrey Sprecher, attended the event with Trump.
The Clarification Act aims to define which tokens are securities, which are commodities, and which agencies are responsible for regulating the area. After the Senate entered its August recess without a vote, investors believed the bill had virtually no hope of passing in 2026 because the two parties remained divided on ethics provisions and other issues.
Bitcoin rallies with broader markets
Bitcoin led the rally of major cryptocurrencies, back above $71,000 late Wednesday, after Trump met with top cryptocurrency industry executives and called on Congress to pass a stalled bill. Since then, Bitcoin has climbed further, exceeding US$76,000. The price of the second-largest token, Ethereum, rose more than 18% from Tuesday.
The Trump family's memoin has historically reacted violently to political catalysts. In early 2026, Melania Trump's token soared 50% driven by expectations from the Melania Trump documentary, indicating that even at depressed levels, political event catalysts can still drive token fluctuations. However, these two tokens are still well below their peak levels. Trump tokens were quickly successful at the time of issuance, with a market value soaring to $15 billion, but have since evaporated about 97%.
Legislative prospects remain uncertain. Trump urged lawmakers to pass a "fair version of the clear bill"-a bill that cryptocurrency companies say will provide it with a solid legal foundation, but the bill is stalled in the Senate with little time left on the congressional agenda.
