Trump Urges Congress to Pass Clarity Act Amid Scrutiny Over Family’s Crypto Profits

US President Donald Trump is pushing for the US to become a global center for digital assets, meeting with cryptocurrency executives and Wall Street leaders. The goal is to pass the Clarity Act, which would establish a regulatory framework for cryptocurrencies and other digital assets.

The legislation has faced criticism from Democrats over consumer protection and potential conflicts of interest. Financial disclosures showed that Trump made about $1.4bn from his family's cryptocurrency ventures.

The White House rejects allegations of impropriety, saying there is no conflict of interest. SEC Chairman Paul Atkins outlined new rules aimed at giving crypto companies a clearer path to raise money and easing some securities requirements.