Trump Calls on Congress to Pass CLARITY Act Amid Growing US Crypto Industry

U.S. crypto regulation got a boost after President Donald Trump urged Congress to pass the CLARITY Act during a White House meeting.

The legislation aims to provide clearer rules for digital assets and their market participants, reducing uncertainty for companies building blockchain products.

Ripple CEO Brad Garlinghouse highlighted that the administration's continued focus on digital assets is crucial in maintaining U.S. leadership.

According to Garlinghouse, approximately 67 million Americans hold crypto, demonstrating its significant presence in the country.