White House Crypto Push and CLARITY Act
During a Wednesday White House meeting with digital asset executives, President Trump called on Congress to pass a 'fair version' of the CLARITY Act, a crypto market structure bill designed to establish clearer regulatory frameworks for digital assets. Trump framed the legislation as essential to keeping the United States 'ahead of China' in the crypto sector, underscoring a competitive narrative around digital asset regulation.
The meeting followed a stalled vote on the CLARITY Act in Congress, suggesting the administration is actively mobilizing industry support to break legislative gridlock. Trump's public endorsement of the bill signals executive backing for market structure legislation that has faced both industry input and regulatory scrutiny.
CFTC Actions and Platform Compliance Framework
During the same White House event, Trump announced that CFTC Chair Mike Selig is working to bring the perpetual futures platform Hyperliquid into the United States under federal rules. This statement indicates the administration's intent to develop compliant frameworks for centralized crypto trading platforms rather than pursue enforcement-focused approaches.
