Trump Promises 'Future Proof' Cryptocurrency Framework Through CLARITY Legislation
A comprehensive digital asset regulatory framework bill remains in legislative limbo as Congress grapples with ethical concerns, while the president—facing questions about his cryptocurrency business connections—shares his position via social media.
On Wednesday, United States President Donald Trump announced his intention to establish a "future-proof digital asset market structure" through legislation, appearing to reference the Digital Asset Market Clarity Act (CLARITY) currently being debated in the United States Senate.
Posting on his Truth Social platform—marking the second occasion this week he has addressed policy matters potentially impacting the cryptocurrency sector—Trump stated the legislation would ensure that "crypto haters" serving in subsequent administrations could not dismantle digital asset regulations.
Following its approval by the United States House of Representatives in July 2025, the CLARITY Act has encountered numerous delays in the Senate due to multiple factors including government shutdowns, opposition from cryptocurrency industry stakeholders and banking sector representatives, and worries about potential conflicts of interest, particularly those connected to the Trump family. The president and his sons maintain financial ties to memecoin initiatives, the World Liberty Financial platform, that platform's USD1 stablecoin product, and a Bitcoin mining enterprise.
Despite the CLARITY Act already receiving advancement from lawmakers serving on the Senate Agriculture Committee and Senate Banking Committee through respective markup sessions conducted in January and May, the legislation must clear additional obstacles before a possible vote can occur in the full Senate chamber. With Republicans commanding only a narrow majority in the Senate, Democratic votes will be essential to secure the bill's passage, yet certain legislators have indicated they will refuse their support unless ethics-related provisions are incorporated.
The valuation of Bitcoin declined below $73,000 from a level exceeding $74,000 during the hours that followed Trump's commitment to "never let crypto down." As of publication time, the largest cryptocurrency by market capitalization was trading at $73,467.
The president's statements mirrored earlier remarks from his personally selected chair of the United States Securities and Exchange Commission (SEC), Paul Atkins, who stated in October that the regulatory body would endeavor to future-proof against "future potential changes," including those impacting cryptocurrency.
When speaking to Cointelegraph at that juncture, DeFi Technologies President Andrew Forson indicated that it would prove challenging for a subsequent SEC chair to "fully reverse" regulations already put in place, though they could potentially be implemented in ways that create excessive burdens for regulators.
Trump weighs in on prediction market legal battle
The Truth Social message posted Wednesday came after Trump's remarks that reinforced assertions previously made by Commodity Futures Trading Commission (CFTC) Chair Michael Selig—another of the president's appointees to lead the agency—claiming the regulatory body possesses "exclusive jurisdiction" over prediction market platforms such as Kalshi and Polymarket. Donald Trump Jr., the president's son, serves as an adviser to both Kalshi and Polymarket.
Multiple state regulatory authorities have initiated legal actions against prediction market platforms, contending that these companies provide illegal wagering on sporting events while operating without proper licensing. In response, the CFTC has filed its own counter-litigation.