Trump Calls on Congress to Pass Crypto Market Bill at White House Meeting

President Donald Trump hosted cryptocurrency and finance executives at the White House on Wednesday to discuss legislation for digital assets. He called on Congress to pass a 'fair version' of the Digital Asset Market Clarity Act, which would create clearer rules for crypto.

The bill aims to define which crypto assets fall under securities or commodities rules. Trump said this will help the US stay ahead of China and other competitors in the market.

CFTC Chairman Michael Selig and SEC Chairman Paul Atkins praised Trump's administration for prioritizing financial leadership and innovation. They highlighted recent CFTC actions, including authorizing the first Bitcoin perpetual futures contract on a registered exchange.