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Trump Throws Weight Behind Crypto Bill in Bid for Greater Acceptance

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US President Donald Trump has thrown his weight behind the Clarity Act, a landmark crypto bill aimed at integrating virtual assets into the financial mainstream.

Last month, Trump welcomed crypto executives to the White House, praising Coinbase Global Inc. CEO Brian Armstrong as 'one of the greats' and Gemini Space Station co-founders Cameron and Tyler Winklevoss as 'tremendous investors, brilliant people'.

The meeting marked a significant moment in the industry's push for greater acceptance and regulation, with Trump urging Congress to support the Clarity Act. The bill seeks to provide clarity on regulatory issues surrounding virtual assets.

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