White House · Donald Trump · US Congress · CLARITY Act · Coinbase · China · Decrypt
Trump Calls on Congress to Pass 'Fair Version' of Clarity Act at White House Crypto Meeting
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President Donald Trump called on Congress to pass a “fair version” of the Clarity Act Wednesday, telling crypto and finance executives at the White House that market structure legislation is the next step in his administration’s digital asset agenda.
Key facts
- President Donald Trump called on Congress to pass a “fair version” of the Clarity Act Wednesday, telling crypto and finance executives at the White House that market structure legislation is the next
- Trump’s comments come ahead of the inaugural meeting of the Commodity Futures Trading Commission’s Innovation Advisory Committee on Thursday
- Now we need Congress to take the next step by passing the Clarity Act, a fair version of the Clarity Act,” Trump said
- Trump said clearer regulation was necessary to keep crypto companies and financial technology development in the U.S. He also criticized the Biden administration’s approach to crypto, accusing it
Summary
President Donald Trump called on Congress to pass a “fair version” of the Clarity Act during a White House meeting with crypto and finance executives Wednesday. Trump said his administration wants clearer rules that allow crypto companies to operate in the U.S. rather than move overseas. Executives from Coinbase, Ripple, Robinhood, Kraken and other crypto and financial firms attended the gathering. Trump’s comments come ahead of the inaugural meeting of the Commodity Futures Trading Commission’s Innovation Advisory Committee on Thursday.