Aug 20 : Cryptocurrency- and blockchain-related stocks surged on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for digital assets, following a White House meeting with industry executives.

Trump, a vocal cryptocurrency advocate who has promised to make the U.S. the “crypto capital of the world,” on Wednesday called on lawmakers to pass a “fair version of the Clarity Act”, an industry-backed bill stalled in the Senate.

“Trump’s comments yesterday are incrementally positive because they suggest the White House is putting more direct pressure on Congress to get the legislation done,” said U.S. Tiger Securities analyst Bo Pei.

Clarity, if enacted, would define whether cryptocurrency…