Trump pushes for CLARITY Act passage alongside crypto leaders
Donald Trump spoke from the White House on Wednesday, urging the Senate to pass a crypto market structure bill to keep the country “ahead of China.”
Update (Aug. 19, 8:55 pm UTC): This article has been updated to include comments from Senator Ruben Gallego at the Wyoming Blockchain Symposium.
US President Donald Trump continued to push for passage of a crypto market structure bill as the Senate remains in recess.
In a Wednesday press conference with crypto company executives including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss, Trump said members of Congress should pass “a fair version” of the Digital Asset Market Clarity (CLARITY) Act to keep the US “ahead of China.” The market structure bill, passed by the House of Representatives in July 2025, has been stalled in the Senate for months amid concerns about tokenized equities, stablecoin rewards and the Trump family’s potential conflicts of interest with the crypto industry.
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