Trump Pushes Congress for ‘Fair’ Clarity Act

The update

President Donald Trump called on Congress to pass a “fair version” of the Clarity Act during a White House meeting with crypto and finance executives Wednesday. The meeting included leaders from Coinbase, Ripple, Robinhood, and Kraken, alongside CFTC Chair Michael Selig and SEC Chair Paul Atkins. Trump stated that his administration wants clearer rules allowing crypto companies to operate domestically rather than moving overseas. The Clarity Act, which would establish federal rules for digital assets and clarify regulatory authority, is expected to return to the Senate floor in September.

Why it matters

This summit marks a high-level political effort to secure market structure legislation. By bringing major industry CEOs to the White House, the administration is applying direct pressure to advance the bill. The meeting preceded the inaugural meeting of the CFTC’s Innovation Advisory Committee, highlighting the administration’s focus on regulatory clarity for digital assets.

What to watch

Watch for the specific amendments or language changes defining the “fair version” of the bill. The administration’s ability to secure the six Democratic votes needed to reach the 60-vote threshold will be critical for the bill’s passage.

Sources

• decrypt.co — Meeting attendees, specific call to action, and context on the Clarity Act's return to the Senate.
• coindesk.com — Context on the meeting and the upcoming CFTC Innovation Advisory Committee.