White House Set To Host Coinbase, Ripple And Wall Street Executives This Week As Crypto Policy Takes Centrestage

Politico first reported on the gathering last week, citing three people familiar with the matter, but their report cautioned that details were still in flux and it was unclear who would attend or if President Donald Trump himself would participate.

Geraci's post also notes that Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), and Michael Selig, Acting Chairman of the Commodity Futures Trading Commission (CFTC), are also expected to attend.

One Day Before CFTC Meeting

The White House meeting was set for the day before the CFTC’s first meeting of its new Innovation Advisory Committee, a panel of executives from crypto, gambling, finance and prediction market firms, Politico reported.

CLARITY Act Eyes A Crucial September 

The gathering comes as the Digital Market Asset Clarity Act, also known as the CLARITY Act, remains pending in the Senate. The chamber is set to take up the bill next month when lawmakers return from the August recess, according to Politico.

Crypto and prediction markets have become major flashpoints in Washington, where Trump's regulators have embraced both, per Politico.

Bitcoin’s price was up by 0.8% during the past 24 hours. On Stocktwits, the retail sentiment around BTC moved to the ‘bearish’ from the ‘extremely bearish’ zone, while chatter around it stayed at ‘normal’ levels over the past day.