US President Donald Trump said Wednesday that the Senate should pass what he called a “fair version” of the Digital Asset Market Clarity, or CLARITY, Act, arguing that the legislation would help keep the United States “ahead of China.”
Trump made the remarks at a White House press conference alongside crypto industry executives, including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss. His comments added to the administration’s push for a crypto market structure bill while the Senate remains in recess.
House passed the bill, Senate has not moved
The CLARITY Act passed the House of Representatives in July 2025, but it has been stalled in the Senate for months. The report said the holdup has centered on concerns over tokenized equities, stablecoin rewards and the Trump family’s potential conflicts of interest with the crypto industry.
Speaking after Trump and US regulatory officials, Armstrong said the bill would make crypto policy in the United States “durable into the future, so it could survive for decades and decades to come.” He also said the measure could draw “more than 60 votes” once the Senate deals with a cloture motion on Sept. 18.
After Armstrong’s remarks, Trump said: “It’s very bipartisan, I would say. Lot of Democrats support.”
Trump had already pressed Congress in July
Trump also pushed Congress to pass CLARITY in July following the death of Senator Lindsey Graham. He said Graham had been a “big supporter” of the bill and that Senate lawmakers should advance it in his honor.
CFTC and SEC both signaled crypto rulemaking this week
The White House appearance by crypto executives came one day before the Commodity Futures Trading Commission was scheduled to hold an Innovation Advisory Committee meeting. CFTC Chair Michael Selig said the agency would examine how to keep moving on crypto regulation because Congress would not return to session for another month.
The meeting also took place in the same week that the Securities and Exchange Commission proposed new crypto rules. Those proposals would offer companies a safe harbor so that tokens would not be treated as “investment contracts,” and would provide certain exemptions for token issuance.
Cointelegraph described the report as a developing story and said it would be updated as more information becomes available.