Trump Presses Congress to Pass CLARITY Act Amid Conflict-of-Interest Concerns

U.S. President Donald Trump has urged Congress to pass the CLARITY Act, a bill that would establish a regulatory framework for the cryptocurrency market.

The meeting took place at the White House on September 19 and included executives from major crypto industry players such as Coinbase, Gemini, Kraken, and Robinhood.

Trump emphasized the importance of passing the CLARITY Act in maintaining U.S. competitiveness in emerging technology and securing global leadership.

The bill would divide oversight authority between the SEC and CFTC, ease rules on decentralized finance (DeFi), and interest payments on stablecoins.