President Donald Trump met with executives from Coinbase, Ripple, Gemini, and other major crypto companies at the White House on Wednesday as the administration sought to take a stronger position in the digital asset industry.<\/p>\n
The discussion focused heavily on the Digital Asset Market Clarity Act, Bitcoin, and the push to bring more crypto activity into the US.<\/p>\n
Trump called<\/a> on Congress to pass \u201ca fair version\u201d of CLARITY and said the legislation would help keep the US \u201cahead of China.\u201d The bill passed the House of Representatives in July 2025 but has remained stalled in the Senate over issues including tokenized equities, stablecoin rewards, and concerns about potential conflicts involving the Trump family and the crypto industry.<\/p>\n Coinbase CEO Brian Armstrong said the legislation would make the country\u2019s crypto policy \u201cdurable into the future, so it could survive for decades and decades to come.\u201d The exec expects<\/a> the bill to get \u201cmore than 60 votes\u201d when the Senate takes up a cloture motion on September 15. Trump backed Armstrong\u2019s assessment of the bill\u2019s support and said,<\/p>\n \u201cIt\u2019s very bipartisan, I would say. Lot of Democrats support.\u201d<\/p>\n During the meeting, Trump also said the US has discussed plans to buy \u201csizable\u201d amounts of Bitcoin and other cryptocurrencies. He later said,<\/p>\n \u201cWe\u2019re going to ensure America remains the undisputed leader, not only in Bitcoin and crypto, but also in technologies like prediction markets and artificial intelligence.\u201d<\/p>\n Hyperliquid was another topic raised during the meeting. Trump said Commodity Futures Trading Commission Chair Michael Selig is working to bring the perpetuals-focused trading platform into the US in a \u201cfully compliant and legal fashion.\u201d HYPE jumped<\/a> more than 20% following the remarks and climbed to $71.<\/p>\n Crypto markets reacted strongly after the White House meeting and the latest signals on regulation. Bitcoin gained<\/a> 7% and tapped $70,000, while Ethereum posted a bigger jump of nearly 18% and reached $2,327. XRP also moved higher as it climbed to $1.14.<\/p>\n But the bigger question for the industry is still in Washington. Trump can urge lawmakers to move ahead, but the CLARITY Act must still clear political hurdles in the Senate. Democratic Senator Ruben Gallego, for instance, warned<\/a> lawmakers to slow down rather than rush toward a Senate vote. Speaking at the SALT Wyoming Blockchain Symposium on Wednesday, Gallego said Democrats and Republicans still need to work through disagreements over ethics and stablecoin yield.<\/p>\n \u201cDon\u2019t go for a fast vote. A fast vote gets you a fast result, but I\u2019m not sure it\u2019s the result you want.\u201d<\/p>\n It is important to note that Senate Democrats have pushed<\/a> for language that would prevent public officials, including the president, from selling digital currencies. But Gallego said that repeated efforts to reach the White House on the ethics language have made little progress.<\/p>\n The post Trump Wants the US to Lead Crypto: Here Are the Biggest Takeaways From the White House Meeting<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" President Donald Trump met with executives from Coinbase, Ripple, Gemini, and other major crypto companies at the White House on Wednesday as the administration sought to take a stronger position in the digital asset industry. The discussion focused heavily on the Digital Asset Market Clarity Act, Bitcoin, and the push to bring more crypto activity […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-215695","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/215695"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=215695"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/215695\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=215695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=215695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=215695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Markets Cheer, But Hurdles Remain<\/h2>\n