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President Donald Trump Pushes to Codify U.S. Crypto Rules Through CLARITY Act

President Donald Trump Pushes to Codify U.S. Crypto Rules Through CLARITY Act

The Digital Chamber launched a website urging Congress to pass the CLARITY Act, as industry advocates intensify pressure to enact federal crypto market structure rules this year.

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Fact Check
All three components of the claim are corroborated by independent sources. Cryptopolitan's 'Trump vows to future-proof U.S. crypto rules' confirms Trump's call to codify crypto market structure law via a Truth Social post (the original Truth Social URL returned 403, but the X post by @NewsTongueX independently quotes the same post). Cryptonews documents the active lobbying blitz by over 100 firms led by the Digital Chamber and others. The Cryptopolitan piece on the August recess confirms the narrow legislative window, the 60-vote threshold, Democratic concerns, and analyst skepticism about passage before recess (Polymarket odds at 54%).
Summary

Treasury Secretary Scott Bessent has urged Congress to pass the CLARITY Act, saying it would clarify how digital assets are classified and regulated, help bring crypto activity onshore, and reduce risks tied to offshore markets. President Donald Trump has called for crypto policy to be codified in federal law rather than left to agency discretion, while Senator Cynthia Lummis warned that failure to pass the bill this Congress could expose U.S. software developers to renewed prosecution risk for publishing code, according to a post shared by Bitcoin News on X. The legislation is described as addressing SEC and CFTC oversight boundaries, compliance standards, protections for decentralized software developers, and treatment of customer funds in bankruptcy. New reporting adds that The Digital Chamber launched a website to pressure Congress to pass the CLARITY Act, with CEO Cody Carbone saying the campaign is part of a broader effort to make the bill law this year. The group said more than 70 million Americans own crypto and need the protections the bill would provide. At the same time, the bill’s outlook remains uncertain as ethics-related provisions draw attention and the president’s crypto ties face scrutiny. The available materials also contain chronology discrepancies on some procedural dates, though both indicate the bill still faces further Senate action, reconciliation steps, and final House-Senate agreement before reaching the President’s desk.

Terms & Concepts
  • CLARITY Act: A U.S. crypto market structure bill intended to clarify how digital assets are classified and regulated, including whether certain tokens fall under SEC securities rules or CFTC commodities oversight, while setting compliance standards for crypto companies and including protections relevant to decentralized software developers.
  • Market structure: The regulatory framework that determines how financial markets are organized, supervised, and operated, including classification, trading, and oversight rules.
  • CBDC: A central bank digital currency, or government-issued digital form of sovereign money managed by a country’s central bank.