Trump to host crypto executives as SEC considers regulations

By Hannah Lang

Aug 19 (Reuters) – U.S. President Donald Trump on Wednesday called on Congress to pass a bill that would bring clearer definitions to the growing cryptocurrency sector, a top priority for industry executives who had gathered for ​an event at the White House with the president.

Trump, who has earned ‌more than $1.4 billion from his family’s crypto ventures, urged lawmakers to pass a “fair version of the Clarity Act,” a bill that crypto companies say would put them on solid legal ground, but has stalled in the Senate with little time left on the congressional calendar.

Several top crypto executives, including Coinbase CEO ‌Brian ​Armstrong, Robinhood CEO Vlad Tenev and Kraken co-CEO Arjun Sethi, ⁠along with Intercontinental Exchange CEO ⁠Jeffrey Sprecher, spoke alongside Trump at the event.

U.S. Commodity Futures Trading Commission Chair Mike Selig, Securities and Exchange Commission Chair Paul Atkins and White House crypto advisor Patrick Witt also attended.

“Now we need Congress to take the next step by passing ​the Clarity Act — fair version of the Clarity Act,” Trump said in remarks at the event.

The Republican president has pursued crypto-friendly policies since returning to office in January ⁠2025. But the sweeping crypto legislation that the industry ⁠wants has not yet passed Congress.