Trump pushes for CLARITY Act passage alongside crypto industry leaders

cryptonews.ruPublished on 2026-08-19Last updated on 2026-08-19

Abstract

Former U.S. President Donald Trump, alongside crypto industry leaders like Coinbase CEO Brian Armstrong and Gemini founders Cameron and Tyler Winklevoss, is urging Congress to pass the "CLARITY Act" for crypto market regulation. He argues it is necessary for the U.S. to stay ahead of China. The bill, which passed the House in July 2025, is stalled in the Senate over concerns about tokenized securities, stablecoin yields, and potential Trump family conflicts of interest. Armstrong expressed confidence the bill has strong bipartisan support and could secure Senate passage. Trump linked the push to the late Senator Lindsey Graham, a key supporter. The meeting precedes a key CFTC advisory committee meeting on crypto regulation and follows new rule proposals from the SEC aimed at providing regulatory clarity for token issuers.

U.S. President Donald Trump continues to push for the passage of the crypto market structure bill while the Senate is on recess.

At a Wednesday press conference with crypto industry executives, including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss, Trump stated that members of Congress must pass a "fair version" of the Digital Asset Market Structure Regulation Act (CLARITY Act) for the U.S. to "stay ahead of China." The market structure bill, passed by the House of Representatives in July 2025, has stalled in the Senate for several months amid concerns about tokenized stocks, stablecoin rewards, and the potential conflict of interest of the Trump family with the crypto industry.

Armstrong, who spoke after Trump and leaders of U.S. regulatory agencies, stated that the bill would make U.S. crypto policy "sustainable for the future" and allow it to endure for decades. The Coinbase CEO suggested that after the Senate considers a cloture motion on September 18th, the bill could receive "more than 60 votes."

"I would say it has broad bipartisan support," Trump said following Armstrong's comments. "Many Democrats support it."

The President urged Congress to pass CLARITY in July following the death of Senator Lindsey Graham. Trump stated that Graham was a "big supporter" of the bill and that senators should advance CLARITY in his honor.

The crypto executives' remarks to the press came one day ahead of a meeting of the Commodity Futures Trading Commission (CFTC)'s Innovation Advisory Committee. CFTC Chairman Michael Selig said the agency would discuss next steps for crypto market regulation at the meeting, as Congress will not return to work for another month.

The White House meeting took place the same week the U.S. Securities and Exchange Commission (SEC) proposed new rules for the crypto market, providing companies with a safe harbor protecting tokens from being classified as "investment contracts," as well as certain exemptions for token offerings.

Related: SEC proposes new crypto rules in absence of CLARITY Act

This is a developing story. The article will be updated as new information emerges.

Related Questions

QWhat is the main goal of the CLARITY Act as discussed by Donald Trump?

AThe main goal of the CLARITY Act, as discussed by Donald Trump, is to establish a regulatory framework for the digital asset market in the United States, with the stated aim of helping the U.S. 'outpace China' in the cryptocurrency industry.

QWhich key figures from the crypto industry attended the press conference with Donald Trump?

AKey figures from the crypto industry who attended the press conference included Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss.

QWhy has the Market Structure Bill, passed by the House in July 2025, stalled in the Senate?

AThe Market Structure Bill has stalled in the Senate for months due to concerns over tokenized stocks, stablecoin rewards, and potential conflicts of interest involving the Trump family's ties to the crypto industry.

QWhat did Brian Armstrong predict about the Senate's potential vote on the CLARITY Act?

ABrian Armstrong predicted that after the Senate considers a cloture motion on September 18th, the bill could receive 'more than 60 votes,' suggesting it enjoys broad bipartisan support.

QWhat regulatory development did the SEC announce around the same time as the White House meeting?

AAround the same time as the White House meeting, the U.S. Securities and Exchange Commission (SEC) proposed new rules for the crypto market, including a safe harbor protecting tokens from being classified as 'investment contracts' and certain exemptions for token issuance.

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