U.S. President Donald Trump renewed calls for Congress to advance the Digital Asset Market Clarity (CLARITY) Act, a market structure bill that has stalled in the Senate for months. Speaking at a Wednesday press conference alongside executives from Coinbase, Gemini and other crypto firms, Trump argued that passage of a "fair version" of the legislation would maintain America’s competitive edge against China.
The House of Representatives approved the CLARITY Act in July 2025, but Senate progress has been hindered by disputes over tokenized equities, stablecoin rewards and potential conflicts of interest involving Trump family ties to the crypto sector. Coinbase CEO Brian Armstrong, who participated in the event, said the bill would establish durable U.S. crypto policies capable of enduring "for decades."
Armstrong estimated the measure could secure more than 60 Senate votes once a cloture motion scheduled for Sept. 18 is addressed. Trump described the bill as "very bipartisan," noting broad Democratic support. He framed the push as a tribute to the late Senator Lindsey Graham, a long-time advocate for the legislation who died in July.
The White House meeting preceded a Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee session, where Chair Michael Selig indicated the agency would advance crypto regulatory efforts while Congress remains in recess. The development follows the Securities and Exchange Commission’s proposal this week to exempt certain crypto tokens from being classified as investment contracts, offering firms a limited safe harbor for token issuance.
The CLARITY Act’s progress coincides with broader regulatory activity, though its Senate fate remains uncertain as lawmakers reconvene after their recess.
