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.





