Trump Pushes for CLARITY Act Passage; Crypto Leaders Participate
TechFlow news, August 20, according to Cointelegraph, U.S. President Donald Trump held a press conference at the White House with crypto company executives such as Coinbase CEO Brian Armstrong, Gemini co-founders Cameron and Tyler Winklevoss, calling on Congress to pass the "Digital Asset Market Clarity Act" (CLARITY Act). The bill passed the House of Representatives in July 2025, but has been stalled in the Senate for months due to controversies over tokenized stocks, stablecoin rewards, and potential conflicts of interest involving the Trump family.
Armstrong stated that the bill will enable long-term sustainability for U.S. crypto policy, and speculated that the bill may receive over 60 votes of support when the Senate votes on the motion to end debate on September 18. Trump said the bill has high bipartisan support and called on legislators to advance the bill in memory of the late Senator Lindsey Graham. Meanwhile, the CFTC and SEC are also advancing agendas related to crypto regulation.
