Trump pushes for CLARITY Act passage alongside crypto leaders

Donald Trump addressed the issue from the White House on Wednesday, calling on the Senate to approve a crypto market structure bill aimed at keeping the US “ahead of China.”

US President Donald Trump continued urging lawmakers to pass a crypto market structure bill while the Senate remained in recess.

At a Wednesday press conference with crypto executives, including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss, Trump urged Congress to approve “a fair version” of the Digital Asset Market Clarity (CLARITY) Act to keep the US “ahead of China.” The market structure bill passed the House of Representatives in July 2025 but has remained stalled in the Senate for months over concerns involving tokenized equities, stablecoin rewards and potential conflicts of interest between the Trump family and the crypto industry.

Armstrong, who spoke after Trump and US regulatory officials, said the bill could establish crypto policies in the US that remain “durable into the future” and survive for decades. The Coinbase CEO also suggested that the legislation could secure “more than 60 votes” once the Senate takes up a cloture motion on Sept. 15.

“It’s very bipartisan, I would say,” said Trump following Armstrong’s comments. “Lot of Democrats support.”

In July, the president urged Congress to approve the CLARITY Act following the death of Senator Lindsey Graham. Trump described Graham as a “big supporter” of the legislation and called on Senate lawmakers to move the bill forward in his honor.

Trump has also hosted crypto industry leaders at the White House, including during a March 2025 summit focused on regulation and the July 2025 signing ceremony for the GENIUS stablecoin bill.

Senator Ruben Gallego responded to Trump’s remarks on CLARITY at the Wyoming Blockchain Symposium, saying that he believed the president’s interpretation of what is “fair” was unfortunate. His comments referred to the ethics provisions included in the bill. He added:

“The president is agreeing to some limitation. It’s not his place to agree. It’s the place of the Congress, the Senate and then the White House […] the president doesn’t just get to decide what level of regulation he gets.“

SEC and CFTC Move Ahead Without CLARITY Act#

Crypto executives spoke to the press one day before the Commodity Futures Trading Commission (CFTC) planned to hold an Innovation Advisory Committee meeting. CFTC Chair Michael Selig said the agency would consider advancing crypto regulations during the meeting, as Congress was not expected to return to session for another month.

The White House meeting took place in the same week that the Securities and Exchange Commission proposed crypto rules that could give companies a safe harbor from having tokens classified as “investment contracts,” along with certain exemptions for token issuance.