Trump’s Crypto Push Unites SEC, Senate, and Ripple Behind CLARITY Act
BeInCrypto
President Trump’s support for the U.S. crypto industry has mobilized the SEC, Senate, and Ripple to accelerate the CLARITY Act legislation.Summary
President Donald Trump has declared his intent to make the U.S. the global "crypto capital," sparking a unified push from the SEC, Senate Republicans, and Ripple to pass the Digital Asset Market Clarity Act. SEC Chair Paul Atkins signaled an end to the agency's "enforcement-first" approach, while industry leaders like Ripple CEO Brad Garlinghouse celebrated the shift as a victory against anti-crypto sentiment. The proposed legislation seeks to categorize most digital tokens as commodities, divide oversight between the SEC and CFTC, and provide essential custodial protections for customer assets, though it still requires a Senate supermajority to pass.
(Source：BeInCrypto)