Trump Renews Push for Clarity Act as Crypto Leaders Gather at White House -

Crypto and technology executives gathered at the White House with President Donald Trump ahead of the CFTC’s first Innovation Advisory Committee meeting.
Trump pressed Congress on Wednesday to advance the Digital Asset Market Clarity Act, arguing that lawmakers need to move the crypto market structure legislation to its next stage.
Flanked by leaders from Coinbase, Gemini, Ripple, Chainlink Labs and other crypto companies, Trump called for lawmakers to settle on a “fair version” of the Clarity Act as negotiations over the Senate bill continue.
Trump said the legislation could help the US maintain its lead over China and other nations while encouraging the development of new technologies and businesses.
The meeting came one day before the CFTC’s newly established Innovation Advisory Committee was scheduled to meet. The group includes executives from Kraken, Anchorage Digital, Grayscale and OKX, along with representatives from prediction markets and AI companies.

Chainlink Labs CEO Sergey Nazarov said Trump subsequently brought the executives into the Oval Office and asked them to share their collective recommendations on the administration’s crypto policy.
Nazarov said the Clarity Act was part of the discussion, including what needs to happen for the legislation to become law.
According to Nazarov, Trump’s team believed the bill could pass, identifying only a handful of unresolved issues and senators whose support would be needed.
Trump has been a key force behind the administration’s crypto agenda. The SEC unveiled a significant digital asset proposal this week, while the Treasury Department has continued work on its stablecoin framework.
However, negotiations over the Senate’s Clarity Act remain complicated by an ethics dispute. Democratic lawmakers have sought restrictions involving Trump’s crypto activities and potential conflicts among senior government officials.

The legislation could return to the Senate floor next month before Congress begins another recess that could run through the November elections.
Despite preparations for a possible final vote, the bill still needs to prove it can obtain the 60 votes required for Senate passage.
Coinbase CEO Brian Armstrong said the Clarity Act would give the administration’s crypto policies a lasting legal foundation and could preserve those gains for decades.
Armstrong characterized the measure as a bipartisan compromise and urged lawmakers to work together to complete the legislative process.

SEC Chairman Paul Atkins said the regulator’s latest crypto proposal underscores the importance of Congress establishing a permanent market structure framework.
Atkins told Trump that the proposed rules would give digital asset businesses and job creators greater certainty when seeking to raise capital in the United States.
He said passing the Clarity Act is the SEC’s highest priority and that the agency would continue working to support congressional efforts.

Trump has repeatedly hosted crypto industry leaders at the White House, including during a major summit after his return to office and a ceremony for the signing of the GENIUS Act, which created a federal stablecoin framework.
Nazarov welcomed the diversity of companies represented at Wednesday’s gathering, pointing to participation from traditional finance, fintech and blockchain infrastructure firms.
He said the industry needs to make clear how digital assets could affect the US economy and its position in global financial markets.
Nazarov also warned that opponents may underestimate the importance of maintaining the dollar’s reserve-currency status. He praised the SEC and CFTC leadership for recognizing that digital asset policy could play a role in preserving US competitiveness.

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