Crypto▲ Bullish
White House August 19 Crypto Meeting: CLARITY Act in Focus
The White House will host crypto and prediction market executives August 19 as the CLARITY Act stalls in the Senate. Polymarket odds of passage rose to 21%. CFTC advisory committee meets the next day.
Continue with
The White House will host crypto and prediction market executives on August 19, even as the CLARITY Act remains stalled in the Senate, according to a Politico report citing people familiar with the plans. The meeting comes a day before the CFTC’s first Innovation Advisory Committee meeting, where the panel is set to discuss crypto regulation.
Few details on the guest list have emerged. Traditional finance executives may also attend, the report said. President Donald Trump’s presence has not been confirmed.
The timing is tight. The CLARITY Act, which would set a federal framework for stablecoins and crypto market structure, cleared the House in May but has not advanced in the Senate. Banking groups have lobbied against provisions that would allow stablecoin yields, arguing they threaten bank deposits. An ethics package proposed by Senators Thom Tillis and Ruben Gallego is also pending.