Trump Rallies Crypto Industry to Support CLARITY Act, Pledges Regulatory Clarity
The US President met with crypto executives at the White House to push Senate passage of the Digital Asset Market Clarity Act, emphasizing American competitiveness and broad bipartisan support for the stalled legislation.
White House Push for Digital Asset Regulation
US President Donald Trump hosted executives from leading cryptocurrency platforms at the White House on Wednesday to advocate for passage of pending crypto market structure legislation. During the press conference, Trump urged the Senate to advance what he termed “a fair version” of the Digital Asset Market Clarity (CLARITY) Act, framing the measure as necessary to maintain American technological leadership against international competitors. The president specifically cited the importance of staying “ahead of China” in digital asset innovation and regulatory development.
The CLARITY Act, which secured House approval in July 2025, has encountered significant delays in the Senate amid disagreements surrounding tokenized equities, stablecoin incentive structures, and concerns about potential conflicts of interest. Despite these obstacles, Trump and attending executives expressed confidence that legislative momentum could build toward passage.
Industry Executives Voice Support
Coinbase Chief Executive Brian Armstrong participated in the White House meeting and shared his perspective on the bill’s importance for the crypto industry. Armstrong characterized the CLARITY Act as capable of establishing regulatory frameworks that could endure for many decades, providing the policy stability that digital asset markets require for long-term growth. The Coinbase leader predicted the legislation could secure sufficient Senate votes for passage once lawmakers addressed procedural requirements, specifically citing a mid-September deadline for a cloture motion.
Trump responded to Armstrong’s remarks by endorsing the bill’s broad coalition of supporters, noting that backing extends across both major political parties. The president emphasized the measure’s cross-party appeal, observing that numerous Democratic lawmakers support the initiative. Trump also referenced the late Senator Lindsey Graham, whom he identified as an influential champion of the CLARITY Act, suggesting that Senate passage would honor Graham’s commitment to crypto regulatory clarity.
Cameron and Tyler Winklevoss, co-founders of digital asset exchange Gemini, accompanied Armstrong in advocating for Congressional action on the legislation.
Regulatory Momentum Builds
Trump’s White House initiative unfolded amid broader regulatory activity affecting the crypto sector. The Commodity Futures Trading Commission announced plans for its Innovation Advisory Committee to explore regulatory pathways for digital assets while Congress remained in recess. Meanwhile, the Securities and Exchange Commission unveiled proposed rules establishing safe harbor protections for token issuance and exemptions from securities classification.
These simultaneous regulatory developments signal industry-wide momentum toward clearer frameworks governing digital assets, whether through Congressional legislation or agency action. For crypto market participants, the convergence of legislative and regulatory initiatives toward consistent digital asset treatment offers potential for reduced uncertainty and improved market conditions.
Source: Donald Trump, via Cointelegraph. Not financial advice.