Trump gathered Coinbase, Gemini, Ripple CEOs at the White House to push the Digital Asset Clarity Act. The bill faces opposition over ethics and a tight Senate calendar.
Alpha Score of 35 reflects weak overall profile with weak momentum, weak value, poor quality, moderate sentiment.
President Donald Trump met with top cryptocurrency executives at the White House on Wednesday to rally support for the Digital Asset Market Clarity Act. Trump told the group the legislation is critical to keeping the United States ahead of China in blockchain technology. He also said the administration is considering buying "sizable" amounts of Bitcoin and other digital assets, according to a post from Watcher.Guru.
The meeting included Coinbase CEO Brian Armstrong, Gemini founders Cameron and Tyler Winklevoss, Ripple CEO Brad Garlinghouse, and Chainlink Labs CEO Sergey Nazarov. Trump described the bill as having strong bipartisan support and urged Senate leaders to move it forward quickly. The House passed the measure in July 2025, but the Senate has stalled over several provisions.
Central controversies involve rules for tokenized securities and stablecoin incentive programs. Separate ethics concerns have arisen because of the Trump family's commercial crypto activities. Senator Ruben Gallego, speaking at the Wyoming Blockchain Symposium, pushed back on Trump's characterization of the bill. "I think, unfortunately, what the president means is fair to him," Gallego said, referring to the ethics language in the legislation. He argued that Congress, not the White House, should determine the scope of presidential oversight over digital assets.
Armstrong said the bill would create crypto regulations that could last "decades and decades to come." He projected it would clear the 60-vote threshold needed to overcome a filibuster when the Senate takes up a cloture motion on September 15. Nazarov said Trump and his team described passage as "very doable" and identified only a handful of senators who still needed to be convinced.
With Congress entering a month-long recess, both the Securities and Exchange Commission and the Commodity Futures Trading Commission are pressing ahead on their own. SEC Chairman Paul Atkins said the agency's recently released crypto framework gives entrepreneurs the clarity they need to raise capital through digital assets. He called the Clarity Act the SEC's top priority and said the agency is committed to helping get it passed. The CFTC held its first Innovation Advisory Committee meeting on Thursday, with executives from Kraken, Anchorage Digital, Grayscale, and OKX. CFTC Chair Michael Selig said the commission would consider advancing crypto rules while Congress is away.
The Senate returns in September for a short window before another recess that runs through the November elections. That schedule leaves limited time for the Clarity Act to reach a vote.
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