After gathering with digital asset executives, Trump urged lawmakers to get the crypto market structure bill over the line. S. President Donald Trump urged lawmakers to pass the Clarity Act on Wednesday — and also hinted that the government may accumulate more bitcoin.
S. ahead of China. Lawmakers were hoping to get a vote on the crypto market structure bill, or Clarity Act, in August.
A vote will now go ahead in September. The bill will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins. S.
plans to accumulate sizable amounts of Bitcoin:"Certainly it's been talked about. It's take a lot of pressure off the dollar. It's been very, very good for the dollar.
com/NnWFHi51nT “We’re ensuring that America remains the undisputed leader in not only Bitcoin and crypto, but also technologies like prediction markets, artificial intelligence and much more,” President Trump said. He added: “Now we need Congress to take the next step by passing the Clarity Act — a fair version of the Clarity Act — and this landmark structure legislation. S.
” President Trump signed an executive order to establish a strategic bitcoin reserve last year. S. cannot sell any of the bitcoin it has, most of which has been seized in law enforcement operations.
But the EO does not commit to buying the asset. ” Despite being passed by the House of Representatives last year, the Clarity Act has been in a deadlock for most of this year after the banking lobby clashed with lawmakers and crypto businesses over whether platforms like Coinbase should be able to pay customers yield. Some lawmakers have sought to change wording in the bill regarding ethics.
A new bill started circulating in July, banning government officials from promoting and making money from crypto. Other lawmakers said it still fell short, and a number of pro-crypto Republicans accused Democrats of deliberately playing politics and delaying the bill.
