Trump Backs Crypto Bill to Integrate Virtual Assets into Mainstream Finance

US President Donald Trump has thrown his weight behind a landmark bill aimed at integrating cryptocurrencies into mainstream finance. In August, he welcomed executives from top crypto companies to the White House, praising Coinbase CEO Brian Armstrong as 'one of the greats' and Gemini co-founders Cameron and Tyler Winklevoss as 'tremendous investors, brilliant people'.

Trump's meeting with crypto leaders was not just an opportunity for flattery. He used it to urge Congress to support the Clarity Act, a bill that could supercharge the virtual-asset industry and bring it closer to traditional financial institutions.