Trump Urges Senate to Pass Crypto’s CLARITY Act, Teases More Bitcoin Buys

U.S. President Donald Trump urged lawmakers to pass the Clarity Act on Wednesday — and also hinted that the government may accumulate more bitcoin. 

After gathering with crypto executives at the White House, President Trump said that getting the Clarity Act over the line would keep the U.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. 

“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. It’s a very, very powerful structured legislation which will keep us ahead of China, and keep us ahead of everyone else.”

When asked if the U.S. government would be accumulating bitcoin, President Trump said: “It’s been talked about — it’s taken a lot of pressure off the dollar, it’s been very, very good for the dollar, and I think if [regulators] came in with recommendations, I would certainly listen.”