Trump says U.S. has ended crypto war, urges passage of Clarity Act

President Trump told senior crypto executives at the White House that the United States has "completely ended" its war on the crypto industry and said the country must remain globally ahead in Bitcoin, cryptocurrencies and AI. The remarks extended his broader claim that his administration has shut down the industry-described debanking campaign known as "Operation Choke Point 2" and reinforced his push for clearer digital-asset rules through the CLARITY Act. Markets reacted sharply after the comments, with sentiment reversing and short positions squeezed across the sector. Total liquidations over the past 24 hours approached $3 billion, including more than $2.7 billion in short liquidations, a scale the new source said exceeded the short-side wipeout during the "1011" event. Trump also publicly mentioned Hyperliquid for the first time, saying the CFTC is pushing for the platform to enter the U.S. market in a compliant way. If Hyperliquid ultimately gains U.S. market access, it could mark an important regulatory precedent and signal a broader shift from restriction toward integrating crypto-native platforms into the next generation of financial infrastructure. The policy signal still does not carry the force of statute or finalized rulemaking, meaning more durable change would depend on legislation and regulatory follow-through. That leaves the CLARITY Act and other market-structure efforts central to whether the White House's pro-crypto stance becomes a lasting framework.