Trump Presses Congress on CLARITY Act Before Sept. 15 Vote as US Weighs Bitcoin Buying
Updated
Updated · Yahoo Finance · Aug 22
Trump Presses Congress on CLARITY Act Before Sept. 15 Vote as US Weighs Bitcoin Buying
3 articles · Updated · Yahoo Finance · Aug 22
Summary
At a White House crypto summit, Trump urged Congress to move quickly on the CLARITY Act, calling it legislation that would keep the U.S. ahead of China in Bitcoin, crypto and prediction markets.
Sept. 15 is the next key date: the Senate has a procedural vote scheduled, and Banking Committee Chairman Tim Scott said the bill has a "really good shot" of advancing in September.
Trump also said U.S. purchases of Bitcoin or other cryptocurrencies have "been talked about," adding he would lean on SEC Chairman Paul Atkins and other officials for recommendations.
That leaves two parallel crypto policy tracks in focus: a market-structure bill nearing a Senate test and a possible expansion of the Strategic Bitcoin Reserve Trump created by executive order last year.
The main obstacle to the bill remains an ethics provision tied to the Trump family's cryptocurrency interests.