Bitcoin Magazine

President Trump To Host Crypto Execs at White House 

U.S. President Donald Trump is set to host crypto bigwigs at the White House Wednesday. 

The meeting — first reported last week by POLITICO — will see executives from the prediction market and digital asset space meet to discuss regulation. 

According to reports, some of the big names due to meet include executives from Coinbase, Kraken parent company Payward, and Blockchain.com. 

It hasn’t been reported which prediction markets executives will be at the meeting. 

Despite the long-awaited crypto market structure bill — the Clarity Act — being delayed, regulators are moving ahead with digital asset initiatives. 

The Securities and Exchange Commission on Tuesday proposed its own framework for crypto asset offerings, pressing ahead while the landmark legislation stalls. 

Pro-crypto lawmakers had hoped that the Clarity Act passed before Congress departed for August recess. A vote will now go ahead in September.

Lawmakers started mulling over a new draft of the bill, which was passed by the House of Representatives last year, in July. The text tackled the issue of ethics, banning government officials from promoting or making money from crypto.  

Some Democrats have criticized the president for alleged conflicts of interest as the Trump family has made money from crypto ventures. President Trump and the White House have always denied any wrongdoing. 

President Trump campaigned on a ticket to help America become the crypto capital of the world, and received backing from major players in the space. 

Since taking office, the president has passed a number of pro-crypto pieces of legislation. High-profile lawsuits against crypto companies have also been scrapped, and the SEC has taken a more friendly approach to watchdogging the space. 

President Trump has reported over $1.4 billion in income from his family’s cryptocurrency ventures. 

This post President Trump To Host Crypto Execs at White House  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

White House Now Reviewing Crypto Clarity Act Ethics Text Ahead of August Deadline: Report

Time is running out to get a vote on the long-awaited crypto Clarity Act, though bipartisan work is intensifying with the White House reviewing the latest draft behind closed doors, according to reports. 

Senator Thom Tillis said that bipartisan language drafted and sent to the White House last week is currently being reviewed by the White House. “We’ve got people working with White House right now…they’re going through some of the lines right now,” he was quoted and first reported by Punchbowl News Senior Reporter Brendan Pendersen. 

Senate Majority Leader John Thune declined to file cloture on the crypto market structure bill Wednesday afternoon, according to Punchbowl News, leaving negotiators only a narrow window to reach something resembling consensus.

Thune had told reporters earlier in the day that he still hoped for a vote before the break, and Republican and Democratic staff reportedly held a flurry of meetings over the prior 24 hours trying to close out remaining disagreements.

Despite optimism last week from top crypto companies — like Coinbase — and backing from major financial institutions, lawmakers appear to be prioritizing other bills to vote on before their five-week break starting Thursday or Friday. 

Republicans like Senator Cynthia Lummis have said that Democrats are deliberately holding back the bill. 

Senator Thom Tillis, who has been working with Democrats on ethics language for the bill, said the odds of a vote hinge on whether the Senate stays in Washington past its scheduled Thursday departure.

“If we were getting out on schedule, which would be tomorrow afternoon, I think it’d be a moonshot at this point,” Tillis said. “But there’s still a chance if we’re going to be delayed, particularly if we have to go into next week.”

Meanwhile, momentum for the bill is building outside the Senate floor. South Carolina Republican Darline Graham posted on X in support of swift passage, framing the Clarity Act as central to President Trump’s push to keep digital-asset innovation in the U.S. 

She added that the Senate needs to deliver a bill that protects consumers, arms law enforcement, and gives the industry regulatory certainty, adding that she stands ready to back Senate Banking Chairman Tim Scott, Senator Cynthia Lummis, and the president in getting the legislation “across the finish line.”

If cloture is filed Thursday, a floor vote could still come as soon as this weekend — though a delay into next week may be the bill’s best remaining shot at passage before recess.

This post White House Now Reviewing Crypto Clarity Act Ethics Text Ahead of August Deadline: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.