Trump Urges Congress to Pass Clarity Act Amid Growing Support from Crypto Industry

Crypto industry leaders gathered at the White House for a meeting with President Trump, where they discussed the Clarity Act and its potential to drive economic growth and create jobs in the US. The bill aims to provide clarity on crypto regulations, which has been a major obstacle for the industry.

Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong were among those who met with Trump, and they expressed their support for the Clarity Act. According to Garlinghouse, 67 million Americans hold crypto today, which is nearly one in four people. He noted that this shows how widespread adoption of crypto has become.

Trump called on Congress to pass the Clarity Act, describing it as 'very bipartisan' and stating that it will keep the US ahead of China and other countries. The bill's passage would be a major step forward for the crypto industry, which has been waiting for clear regulations for years.