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Trump Pressures Senate to Pass CLARITY Act Amidst Crypto Regulation Stalemate

Guavy AI Editorial Team
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US President Donald Trump has put pressure on the American Senate to pass the CLARITY Act, a bill that aims to provide clear regulation for the crypto industry. The act has been stuck in Congress for months due to disagreements over tokenized securities and stablecoins.

At a White House press conference, Trump was joined by major figures from the Web3 sector, including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss. Armstrong defended the bill, saying it would make American crypto policy 'sustainable for the future'.

The CLARITY Act has been approved by the House of Representatives but is stalled in the Senate due to concerns over conflicts of interest involving Trump's family and investments in the crypto sector.

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