US President Donald Trump said Wednesday that he intended to codify a “future-proof digital asset market structure,” referring to the Digital Asset Market Clarity Act (CLARITY Act) currently under consideration in the US Senate.
In a post to his Truth Social platform, Trump said the law would prevent “crypto haters” in future administrations from rolling back regulations affecting digital assets.
Since its passage by the US House of Representatives in July 2025, the CLARITY Act has faced months of delays in the Senate amid government shutdowns, pushback from crypto and banking industry representatives, and concerns over conflicts of interest — including those involving the Trump family. The president and his sons are tied to memecoin projects, the platform World Liberty Financial, that platform’s USD1 stablecoin, and a Bitcoin mining company.
Although lawmakers on the Senate Agriculture Committee and Senate Banking Committee have already advanced the CLARITY Act following respective markups in January and May, the bill faces additional hurdles before a potential vote in the full chamber. Republicans hold a slim majority in the Senate and will need Democratic votes to pass the bill, but some lawmakers have signaled they will withhold support without stronger ethics provisions.
The price of Bitcoin dropped under $73,000 from more than $74,000 in the hours following Trump’s pledge to “never let crypto down.” At the time of publication, Bitcoin was trading at $73,467.
Trump’s remarks echoed those of SEC Chair Paul Atkins, who in October said the agency would work to future-proof regulations against potential future changes, including those affecting crypto. DeFi Technologies President Andrew Forson noted at the time that while it would be difficult for a future SEC chair to fully reverse previously enacted policies, such policies could still be made burdensome in practice.
The Truth Social post also followed Trump’s comments reiterating claims made by Commodity Futures Trading Commission (CFTC) Chair Michael Selig — the president’s pick to lead the agency — that the regulator has “exclusive jurisdiction” over prediction markets like Kalshi and Polymarket. Trump’s son, Donald Trump Jr., serves as an adviser to both platforms.
Several state authorities have filed lawsuits against prediction markets, alleging the companies offer illegal bets on sporting events without a license. The CFTC has responded with its own countersuits.
Source: Trump Backs CLARITY Act, Calling It a Permanent Fix for Crypto Rules