President Trump Advocates for CLARITY Act With Top Cryptocurrency Executives
At a White House event on Wednesday, Donald Trump called on the Senate to approve crypto market structure legislation, emphasizing the need to maintain the nation's competitive edge over China.
President Donald Trump of the United States maintained his advocacy for the passage of cryptocurrency market structure legislation even as the Senate continues its recess period.
During a press conference held on Wednesday with leading cryptocurrency industry executives, including Brian Armstrong, the Chief Executive Officer of Coinbase, and Cameron and Tyler Winklevoss, who co-founded Gemini, Trump urged Congressional members to approve "a fair version" of the Digital Asset Market Clarity (CLARITY) Act in order to ensure the United States stays "ahead of China." The legislation addressing market structure received approval from the House of Representatives in July 2025 but has encountered delays in the Senate for several months due to apprehensions regarding tokenized equities, rewards associated with stablecoins, and possible conflicts of interest between the Trump family and the cryptocurrency sector.
Following remarks from Trump and heads of US regulatory agencies, Armstrong stated that the legislation would ensure crypto policies within the United States remain "durable into the future, so it could survive for decades and decades to come." The Chief Executive Officer of Coinbase suggested that the legislation might garner "more than 60 votes" after the Senate takes up a cloture motion on Sept. 18.
It's very bipartisan, I would say. Lot of Democrats support.
Donald Trump
In July, following the passing of Senator Lindsey Graham, the president advocated for Congressional passage of CLARITY. Trump stated that Graham had served as a "big supporter" of the legislation, and that Senate lawmakers ought to move forward with CLARITY as a tribute to his memory.
The remarks delivered by cryptocurrency company executives to members of the press occurred just one day prior to a scheduled Innovation Advisory Committee meeting to be conducted by the Commodity Futures Trading Commission (CFTC). According to CFTC Chair Michael Selig, the regulatory body would examine options for advancing cryptocurrency regulations during the meeting, given that Congress would not resume its session for an additional month.
During the same week as the White House gathering, the Securities and Exchange Commission put forth proposed cryptocurrency rules that would provide companies with safe harbor protection preventing tokens from being classified as "investment contracts" along with specific exemptions related to token issuance.
This is a developing story and will be updated as more information becomes available.