President Donald Trump said in a May 28 Truth Social post that he wants a permanent, “future-proof” legal framework for cryptocurrency in the United States and argued that crypto policy should be written into law rather than left vulnerable to changes by regulators. He criticized former SEC Chair Gary Gensler and said prior regulatory hostility pushed crypto activity offshore. The CLARITY Act remains the main bill tied to that effort, as it would help determine when digital tokens are regulated by the SEC as securities or by the CFTC as commodities and would set compliance standards for crypto companies. The new report adds that the measure is seen as unlikely to pass before the August recess because of Democratic opposition.