Trump Demands Passage of Clarity Act Amid Growing Crypto Industry Uncertainty

U.S. President Donald Trump has called on Congress to pass the Clarity Act, a bill that would bring clearer definitions to the growing cryptocurrency sector.

The event at the White House saw top crypto executives, including Coinbase CEO Brian Armstrong and Robinhood CEO Vlad Tenev, speak alongside Trump.

Trump urged lawmakers to pass a 'fair version of the Clarity Act', which aims to define which tokens qualify as securities versus commodities, and which agencies have oversight of the sector.

The bill has stalled in the Senate with little time left on the congressional calendar, leaving regulations vulnerable to shifting political climate and court challenges.