Trump Urges Congress to Pass Crypto Bill Amid Industry Pressure
President Donald Trump called on Congress to pass a bill that would bring clearer definitions to the growing cryptocurrency sector, a top priority for industry executives who had gathered for an event at the White House with the president.
Trump urged lawmakers to pass a 'fair version of the Clarity Act,' a bill that crypto companies say would put them on solid legal ground. The Republican president has pursued crypto-friendly policies since returning to office in January 2025, but the sweeping crypto legislation the industry wants has not yet passed Congress.
The Clarity Act aims to define which tokens qualify as securities versus commodities and which agencies have oversight of the sector. Without legislation, regulations will be vulnerable to the shifting political climate and court challenges, creating lingering hazards for the crypto industry, say executives and analysts.