Trump Pushes Clarity Act During Crypto Meeting: His Key Remarks

The meeting also brought fresh comments on a possible expansion of US crypto holdings, the role of the SEC and CFTC, and Hyperliquid’s place in the American market.

Trump ties the Clarity Act to US competitiveness

Trump described the bill as the next step for US crypto policy, after claiming that his administration had ended the “war on crypto once and for all.”

So, two years ago our country was dead, and now our country is the hottest country anywhere in the world. There’s nobody close, no other country is close, and every country will admit it. So now we need Congress to take the next step by passing the Clarity Act, a fair version of the Clarity Act, and this landmark structured legislation, and it is, it’s very, very powerful structured legislation—which will keep us ahead of China, keep us ahead of everyone else, will open the door to the next wave of innovations and innovators.

The key phrase is “a fair version” of the Clarity Act. Trump called for the legislation, but his wording leaves the final congressional text open. The bill’s practical importance lies in market structure: it would set clearer fed...