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Trump vows to codify ‘future-proof’ digital asset market structure

The Block
Donald Trump pledged to create a tamper-proof digital asset market structure in the U.S.

Summary

Former President Donald Trump has announced his intention to establish a "future-proof" digital asset market structure in the United States, vowing to prevent it from being undermined by those he terms "crypto haters." He criticized former SEC Chair Gary Gensler and the "anti-crypto army" for driving innovation offshore. This statement follows the Senate Banking Committee's advancement of the Clarity Act, a bill aimed at creating a comprehensive regulatory framework for digital assets. However, analysts note that the bill faces significant hurdles, including the need for broader Democratic support and the resolution of conflict-of-interest concerns related to Trump and his family's involvement in crypto projects, which could make it politically challenging for Democrats to back the legislation.

(Source:The Block)