Trump’s Crypto Summit Tomorrow: CLARITY Get Push, or SEC-CFTC Go For Plan B?

The White House crypto summit tomorrow comes with two possible paths for U.S. crypto regulation. President Donald Trump could use the meeting to give the CLARITY Act a push, or ask the SEC and CFTC to move ahead with their own rules. 

With both agency chiefs attending, tomorrow’s summit could decide the fate of the CLARITY Act.

Trump To Meet Crypto and Wall Street Leaders

On August 19, President Donald Trump will meet crypto and Wall Street leaders at the White House as the CLARITY Act remains stuck in the Senate. The main goal of the meeting is to find a way forward if lawmakers fail to reach a deal. 

SEC Chairman Paul Atkins and CFTC Chairman Michael Selig are also expected to attend, along with executives from Coinbase, Polymarket, Ripple and Gemini. Major financial firms and market groups, including Nasdaq, NYSE, CME and DTCC, are also expected to join the meeting.

Trump can use the summit to push industry leaders and lawmakers toward a deal. But the timing is important because Congress has already left for its August recess.

Main Topic: Will CLARITY Get Any Push?

The CLARITY Act will be one of the main topics at the summit. The bill would create clearer rules for digital assets and define whether the SEC or CFTC should oversee different parts of the crypto market.