Build with CoinStats’ all-in-one API. Learn more

Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerCryptocurrenciesPricingCrypto APIIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerCrypto Gaming24h ReportPress KitAPI Docs
CoinStats

Trump Pushes CLARITY Act And Bitcoin Reserve At White House Crypto Summit

bullish:

0

bearish:

0

Trump Pushes CLARITY Act And Bitcoin Reserve At White House Crypto Summit

President Donald Trump brought Coinbase, Kraken, Ripple, Robinhood, Nasdaq, Intercontinental Exchange and other crypto and finance leaders to the White House on Wednesday, putting the stalled CLARITY Act, Bitcoin reserves and the expansion of regulated digital asset markets at the center of the administration’s agenda.

Trump called on Congress to pass a “fair version” of the CLARITY Act, arguing that the United States needs a permanent market structure framework to stay ahead of competing financial centers, including China. The legislation faces a September 15 Senate procedural vote and still needs 60 votes to advance.

Trump Presses Senate And Opens Door To More Bitcoin

The White House push comes after the CLARITY Act’s Senate path narrowed considerably over the summer. CryptoAdventure previously tracked the bill as it approached its 60-vote Senate test with disputes over ethics, stablecoin rewards and DeFi protections still unresolved.

Coinbase CEO Brian Armstrong used the meeting to press lawmakers to finish the legislation, with banking-industry resistance remaining one of the major points of friction. The bill would create a statutory division of crypto oversight between the SEC and CFTC rather than leaving that framework primarily to agency interpretation.

Trump also said the administration has discussed acquiring a “sizable” amount of Bitcoin and that he would listen to proposals for expanding federal holdings. The U.S. Strategic Bitcoin Reserve already holds government-controlled BTC obtained through forfeitures rather than routine open-market purchases.

The comments landed during a strong crypto session. Bitcoin led the market higher while Ethereum and major altcoins joined the rebound, giving the White House meeting an immediate market backdrop beyond Washington policy.

SEC And CFTC Push Ahead Without Congress

SEC Chairman Paul Atkins arrived one day after the Commission unveiled Regulation Crypto Assets, a sweeping proposal creating new fundraising exemptions and a conditional safe harbor for certain crypto investment contracts. The SEC proposal would provide tailored paths for crypto projects to raise capital while preserving disclosure and antifraud requirements.

The CFTC is moving in parallel. Trump said Chairman Michael Selig is working to bring Hyperliquid into the U.S. through a compliant regulatory pathway, sending HYPE sharply higher after the remarks. CoinDesk recorded an 11% jump following the announcement.

That marks a significant shift for a platform that has previously faced pressure from traditional derivatives operators. CME and ICE pushed regulators to scrutinize Hyperliquid’s commodity-linked markets earlier this year as its 24/7 perpetual markets gained volume.

Wall Street Pushes Deeper Into Onchain Markets

Robinhood CEO Vlad Tenev used the gathering to press for broader U.S. access to tokenized equities, arguing that American investors should participate directly as blockchain settlement expands across global markets. Nasdaq and NYSE owner Intercontinental Exchange were represented alongside crypto-native companies, bringing the traditional and onchain market structures into the same policy discussion.

The summit now feeds directly into the next Washington deadline. The Senate’s September 15 cloture vote will test whether the CLARITY Act can secure the 60 votes required to move forward, while the SEC and CFTC continue building crypto rules under their existing authority.

The post Trump Pushes CLARITY Act And Bitcoin Reserve At White House Crypto Summit appeared first on Crypto Adventure.

bullish:

0

bearish:

0

Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.