Overview
- President Trump, who hosted crypto executives and SEC and CFTC leaders on Aug. 19, urged passage of a "fair version" of the CLARITY Act to lock in which agency oversees different digital-asset activities.
- The SEC published its "Regulation Crypto Assets" proposal on Aug. 18 to create two fundraising exemptions, disclosure duties, and a conditional safe harbor intended to ease token offerings.
- The CFTC is convening its Innovation Advisory Committee on Aug. 20 to discuss crypto, prediction markets and AI, a forum that can advise regulators but cannot change statutory jurisdiction.
- Observers and some lawmakers raised conflict-of-interest concerns because the president and his family hold sizable crypto interests, and unresolved ethics language has been a key hurdle in Senate negotiations.
- Industry reports that the GENIUS Act was codified and that a strategic Bitcoin reserve was established remain unevenly corroborated; the next concrete steps to watch are a Senate cloture vote, final agency rule texts, and any detailed plan for government crypto purchases.