Trump claims he can ‘future proof’ crypto regulation with CLARITY Act

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Source: Donald Trump Since its passage by the US House of Representatives in July 2025, the CLARITY Act has faced months of delays in the Senate amid government shutdowns, pushback from crypto and banking industry representatives and concerns over conflicts of interest, including those involving the Trump family. The president or his sons are tied to memecoin projects, the platform World Liberty Financial, that platform's USD1 stablecoin and a Bitcoin mining company. Although lawmakers on the Senate Agriculture Committee and Senate Banking Committee have already advanced the CLARITY Act following respective markups in January and May, the bill faces other hurdles before a potential vote in the full chamber. Republicans hold a slim majority in the Senate and will need Democratic votes to pass the bill, but some lawmakers have signaled they will withhold support without provisions on ethics. Related: US CLARITY Act will be a ‘boon for domestic innovation’: A16z The price of Bitcoin dropped under $73,000 from more than $74,000 in the hours following Trump’s pledge to “never let crypto down.” At the time of publication, the price of the biggest cryptocurrency by market cap was $73,467. Trump’s remarks echoed those of his hand-picked chair of the US Securities and Exchange Commission (SEC), Paul Atkins, who in October said the agency would work to future-proof “future potential changes,” including those affecting crypto. DeFi Technologies President Andrew Forson told Cointelegraph at the time that it would be difficult for a future SEC chair to “fully reverse” previously enacted policies, but they could be made overly burdensome for regulators. Wednesday's Truth Social post followed Trump's comments that reiterated claims made by Commodity Futures Trading Commission (CFTC) Chair Michael Selig — also the president’s pick to head the agency — that the regulator had “exclusive jurisdiction” over prediction markets like Kalshi and Polymarket. Trump’s son, Donald Trump Jr., is an adviser to Kalshi and Polymarket. Several state authorities have filed lawsuits against prediction markets, alleging that the companies offer illegal bets on sporting events without a license. The CFTC has responded with its own countersuits. Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies? More on the subject

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