Bitcoin and crypto prices have limped through 2026, despite U.S. president Donald Trump’s support and the Federal Reserve’s bitcoin nightmare suddenly coming true.
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The bitcoin price has just about managed to keep its head above water even after crashing by around 50% since October last year, with the bitcoin price trading sideways at around $60,000 for the last six months.
Now, as BlackRock reveals it’s just seen something shift, Trump is expected to attend a major bitcoin and crypto company meeting at the White House this coming week, according to various reports.
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U.S. president Donald Trump is expected to attend a major bitcoin and crypto company meeting this week, according to reports citing anonymous sources.
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The meeting is due to bring together bitcoin and crypto company executives from the likes of Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi with top regulators Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), and Paul Atkins, the chair of the Securities and Exchange Commission.
U.S. Treasury secretary Scott Bessent and Commerce secretary Howard Lutnick may also attend, according to a Coindesk report, citing anonymous sources.
The meeting was first reported by Politico, citing anonymous sources, with Bloomberg sources adding that Trump is expected to attend.
The Wednesday White House meeting will take place just before Thursday’s Commodity Futures Trading Commission’s (CFTC’s) meeting of its Innovation Advisory Committee, a panel made up of executives from top crypto, finance and prediction market companies.
After the long-awaited crypto market strucure bill known as the Clarity Act failed to get a Senate vote before the August recess, U.S. Senate majority leader John Thune scheduled a key procedural vote for the bill in mid-September, potentially paving the way for a full floor vote on the bill.
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The bitcoin price has flatlined this year, though many see bitcoin turning a corner.
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“Recent progress on the Clarity Act suggests that Washington continues to move toward establishing a clearer regulatory framework for digital assets,” Linh Tran, market analyst at XS.com, said in emailed comments.
“This is unlikely to serve as an immediate catalyst for bitcoin prices, but over the longer term, greater regulatory clarity could help reduce one of the key risks that has historically made traditional institutions cautious about entering the crypto market.”
The odds of the Clarity Act passing into law this year have plummeted in recent months on the Polymarket and Kalshi prediction platforms, dropping to around 20% from a peak of around 80% in the first few months of the year.
“The picture in bitcoin is more constructive than it has been in months, but every indicator that matters is stacked into a single resistance zone between $67,000 and $70,000,” Andreja Cobeljic, head of derivatives trading at Amina Bank, said in an emailed note. “The Clarity Act could break the stalemate in either direction, but its probability has dropped and it has become partisan.”