- 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.
- Trump said his administration wants clearer rules that allow crypto companies to operate in the U.S. rather than move overseas.
- Executives from Coinbase, Ripple, Robinhood, Kraken and other crypto and financial firms attended the gathering.
President Donald Trump called on Congress to pass a “fair version” of the Clarity Act Wednesday, telling crypto and finance executives at the White House that market structure legislation is the next step in his administration’s digital asset agenda. Trump said clearer regulation was necessary to keep crypto companies and financial technology development in the U.S., while criticizing the Biden administration’s approach.
“Now we need Congress to take the next step by passing the Clarity Act, a fair version of the Clarity Act,” Trump said. The sweeping crypto market structure bill is expected to return to the Senate floor in September after lawmakers left for August recess without holding a procedural vote.
The meeting included Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, and Kraken co-CEO Arjun Sethi. Trump said the people in the room are ensuring the future of commercial markets is pioneered in the U.S. He also mentioned that CFTC Chair Michael Selig is working to bring decentralized perpetual futures exchange Hyperliquid into the United States.
Meanwhile, the SEC on Tuesday proposed rules that would exempt certain token offerings from securities regulations. While Trump mentioned prediction markets, executives from major platforms including Kalshi and Polymarket were not invited, as the White House decided to focus the meeting solely on crypto according to reports.
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