Donald Trump · CLARITY Act · US Senate · The Block
Trump vows to codify ‘future-proof’ digital asset market structure
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U.S. President Donald Trump said he will lead efforts to establish a digital asset market structure that cannot be tampered with in the future.
Key facts
- Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters," the U.S. president wrote
- It makes it politically hard for a Democrat to back a crypto bill unless it contains conflicts of interest standards that apply to the President," Jaret Seiberg, managing director at TD Cowen's
- U.S. President Donald Trump said he will lead efforts to establish a digital asset market structure that cannot be tampered with in the future
- In a Wednesday post on Truth Social, Trump wrote that former Securities and Exchange Commission Chair Gary Gensler and the "anti-crypto army" drove bitcoin, crypto perpetuals, and innovation offshore
Summary
U.S. In a Wednesday post on Truth Social, Trump wrote that former Securities and Exchange Commission Chair Gary Gensler and the "anti-crypto army" drove bitcoin, crypto perpetuals, and innovation offshore. "Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters," the U.S. president wrote. Trump's comment comes after the Clarity Act, which aims to create a comprehensive regulatory framework for digital assets, passed the Senate Banking Committee earlier in May after months of delay. Despite recent progress, analysts have said the Clarity Act remains far from the finish line.