Trump’s Crypto Push Unites SEC, Senate, and Ripple Behind CLARITY Act
President Donald Trump’s Truth Social publish calling America the “crypto capital of the world” triggered a coordinated wave of assist. The SEC, Senate Republicans, and Ripple all pressed for swift passage of the CLARITY Act.
The comment marked Trump’s first public assertion on crypto market construction since March. Industry leaders and lawmakers pushed the Digital Asset Market Clarity Act of 2025 towards a full Senate ground vote inside hours.
Trump’s Crypto Push Sparks Coordinated Washington & Industry Backing for CLARITY Act
Trump argued former SEC Chair Gary Gensler and the “Anti-Crypto Army” had almost destroyed the U.S. crypto trade.
He vowed to codify a “future-proof” framework secure from “Crypto Haters.”
On the account, SEC Chair Paul Atkins highlighted the company’s enforcement-first period is “over,” promising market-wide readability underneath Trump alongside Congress.
The endorsement aligns with the broader Project Crypto agenda to convey blockchain markets onshore and reset US crypto policy.
Ripple CEO Brad Garlinghouse referred to as the second a vindication after years of SEC litigation towards the corporate.
He mentioned the anti-crypto coalition had been defeated by courts, voters, and Trump himself.
The “Anti-Crypto Army” was defeated… by the courts… by the voters. And by Trump. It by no means made coverage, authorized or political sense,” Garlinghouse indicated.
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Senate Republicans Corral Votes for the CLARITY Act
The U.S. Senate Banking Committee passed the CLARITY Act in a 15-9 bipartisan vote on May 14.
Chairman Tim Scott echoed Trump’s framing of America as the worldwide crypto hub. Senate Majority Leader John Thune now controls ground scheduling.
Senator Cynthia Lummis used the second to spotlight a core consumer protection contained in the invoice, echoing failures from the FTX collapse.
Without the Clarity Act, if a digital asset change goes bankrupt, prospects don’t have any assured proper to their very own belongings. They be a part of a creditor line w/ different Wall Street corporations and costly attorneys and hope for one of the best,” she noted.
The invoice defines most digital tokens as commodities and splits oversight between the CFTC and SEC. It provides custodial protections for buyer belongings at exchanges.
The laws nonetheless requires 60 votes on the Senate ground and reconciliation with the House model. The August recess is the real looking cutoff earlier than midterm politics complicate passage.
Whether the coordinated messaging interprets right into a supermajority will outline the invoice’s path by 2026.
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