Bitcoin (BTC) Holds Near $77K as Lutnick Says Trump Trusts Anthropic

Lutnick Ends the Anthropic Standoff

Commerce Secretary Howard Lutnick said on Tuesday that the Trump administration now trusts Anthropic, formally closing months of open conflict between Washington and the maker of the Claude models. Asked in an Axios interview whether he trusts the company's chief executive, Dario Amodei, Lutnick offered a blunt verdict: “They've done what we asked. They're back on the right side. So the answer is: Yes.” Within a day, the Secretary shared a stage with Anthropic co-founder Tom Brown at a G20 technology meeting in North Carolina — a joint appearance that would have been nearly impossible to stage only a few weeks earlier. The détente reverses a confrontation that escalated quickly through the summer. In June, the Commerce Department demanded export licenses for foreign users of Anthropic's most powerful models, a move that would have restricted overseas access to the lab's frontier systems. Rather than comply partially, Anthropic withdrew Claude Fable 5 and Mythos 5 from all users. Regulators scrapped the export restrictions on June 30, and access was restored the next day. Weeks before the license demand, President Trump had publicly branded Anthropic a threat to national security — language that turned a routine regulatory dispute into an existential question for a company positioning itself as critical AI infrastructure. The administration's public blessing removes the largest political overhang hanging over the lab at the exact moment it prepares to test public markets, and for a firm whose valuation depends on being treated as core infrastructure, Washington's switching power was the headline risk. For enterprise buyers, the statement functions as clearance: the political risk premium attached to Anthropic contracts has been formally retired by the department that imposed it.

Court Ruling Clears the Decks

The courts moved first. On August 28, Rita Lin, a judge on the US District Court, struck down the Pentagon's supply-chain risk label on Anthropic, finding the measures illegal and without basis — a decision that landed as breaking national news when it was issued. A second Pentagon designation remains live in the D.C. Circuit, so the legal exposure has not fully closed. Court filings show what the feud threatened in dollar terms: chief financial officer Krishna Rao said the label could cut 2026 revenue by multiple billions, while Thiyagu Ramasamy, who leads the public sector business, said more than $150 million in recurring revenue faced immediate risk and projected the segment above $500 million for 2026. The company's revenue run rate hit $65 billion in August, meaning government work sits well under 1% of the total — the damage was always reputational more than fiscal. The IPO timeline sharpens the picture. Anthropic filed confidentially in June and plans to unveil its prospectus after Labor Day, with a potential listing in late September or early October, per an investor update circulated in late August. The structure is still being tuned: existing shareholders may be allowed to sell stock in the offering alongside longer-than-usual lockups. Backers reportedly expect a valuation of $2 trillion or more, though executives have fixed no target. SpaceX set the benchmark with its $85.7 billion raise in June, a record Anthropic intends to beat. In May the company fetched $965 billion — investors must now decide whether Claude is worth double that figure. Neither the filing date nor a valuation target has been publicly confirmed through the company's own investor-relations channels. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

breaking national newshttps://x.com/nytimes/status/2093160425063886907?ref_src=twsrc%5Etfw

Bitcoin (BTC) Watches the AI Risk Trade

COINOTAG's read is that this feud was never a cash-flow story — with government work under 1% of a $65 billion run rate, the real cost was a narrative discount on a firm preparing to top SpaceX's record raise. Lutnick's endorsement strips that overhang at the exact moment a $2 trillion listing test approaches. For crypto, the transmission channel is sentiment: AI-adjacent equities such as Broadcom (AVGO) have repeatedly set the tone for digital-asset risk appetite, and Bitcoin (BTC) changes hands near $77,333 as of this writing. Desks pricing crypto options and managing market maker inventory will watch whether the détente firms the bid into the IPO window — and public-market buyers should ask whether a $2 trillion entry point makes them exit liquidity.