Overview
- President Donald Trump hosted senior crypto and finance executives at the White House on Wednesday and urged Congress to pass a “fair version” of the Digital Asset Market CLARITY Act.
- Senate consideration remains stalled because negotiators have not resolved ethics rules that would limit officials’ crypto holdings, how decentralized finance protocols are treated, and rules for rewards on stablecoin balances.
- Regulators are moving on their own: the SEC released a crypto fundraising proposal and delayed an innovation exemption, and the CFTC held the inaugural meeting of its Innovation Advisory Committee on Thursday.
- Markets and crypto stocks jumped after the White House event, with Bitcoin rising above $70,000 as investors priced a greater chance of durable, statutory rules.
- The CLARITY Act would divvy oversight between the SEC and CFTC and create registration and market‑structure paths for exchanges and issuers, but if Congress does not act the agencies’ rules will remain temporary and could be reversed or litigated.