Trump meets crypto CEOs at the White House on Wednesday, a day before the CFTC's first innovation panel; the Senate's Clarity Act vote is set for Sept. 15.
President Donald Trump is expected to attend a White House meeting Wednesday with chief executives from the crypto and prediction market industries. Commodity Futures Trading Commission Chair Michael Selig and Securities and Exchange Commission Chair Paul Atkins are also expected. The session, first reported by Politico, is scheduled for 2:30 p.m. ET at the Eisenhower Executive Office Building, next door to the West Wing, The Block reported, citing a person familiar with the matter. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick may also attend, one person told CoinDesk.
Wednesday's meeting is a prelude to Thursday's inaugural meeting of the CFTC's Innovation Advisory Committee, set for 1 p.m. to 4 p.m. ET, according to a Federal Register notice. The committee advises the CFTC on emerging issues in regulated markets. Selig published the agenda last Thursday, covering crypto asset regulation and prediction markets. A separate session will take up artificial intelligence. He named 35 members in February, including Polymarket's Shayne Coplan and Kalshi's Tarek Mansour, Ripple CEO Brad Garlinghouse, and executives from Cboe, CME Group, Nasdaq, Intercontinental Exchange and DTCC. CME Group and Intercontinental Exchange, both exchange operators on the panel, carry Alpha Scores of 63 and 48, putting them at Moderate and Mixed in the Financials sector. See the CME stock page and ICE stock page for the full reads.
The meetings come at a moment when crypto legislation has stopped moving. The Clarity Act, which would split digital asset oversight between the SEC and the CFTC, is stalled over yield rules and ethics tied to Trump's own crypto holdings. Majority Leader John Thune filed cloture on the motion to proceed earlier this month, setting a vote for 2:15 p.m. ET on Sept. 15, the day after the Senate returns from recess. Clearing that step takes 60 votes and would not by itself pass the bill.
Prediction market oversight is another unresolved question, and it sits on Thursday's agenda alongside state litigation and the respective roles of federal and state authorities. Selig has argued the CFTC holds exclusive jurisdiction over event contracts and has sued several states over efforts to restrict Kalshi and Polymarket. Both companies had a rough week: Baltimore sued them last Thursday over sports-related contracts, pulling Coinbase and Robinhood into the case. The suit also named Webull. A Washington state court ordered Kalshi the same day to halt most of its offerings there.
Trump has already sided with his CFTC chair, calling exclusive federal authority over prediction markets "critically important" in a Truth Social post in May. Donald Trump Jr. is a strategic adviser to both Kalshi and Polymarket and has invested in Polymarket through the venture firm 1789 Capital.
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