President Donald Trump called on the Senate to pass the CLARITY Act, a bill designed to set a market-structure framework for digital assets. In a Truth Social post on July 13, he said the measure should move ahead "in honor of my great supporter, Senator Lindsey Graham."
Trump framed the fight over crypto in broader strategic terms, saying the US has to stay ahead in digital assets and artificial intelligence. He wrote that China and other countries want "to take complete and total possession of this major financial phenomenon and AI," and added that the US is currently ahead in AI, although "they are fighting hard."
The CLARITY Act is meant to define how the digital-asset market is structured and which regulators oversee different parts of it. For the industry, that matters because the current patchwork has left firms, exchanges and token projects facing uncertainty over what rules apply and who has authority.
That uncertainty has been one of the biggest brakes on US crypto policy. Supporters of the bill argue that a clearer framework would give the market a more predictable rulebook, even as lawmakers continue to argue over the details in Congress. Trump’s public backing now adds political weight to the debate, especially as Senate discussions continue.
Bitcoin and ether traders are watching the bill closely because both assets tend to react to signs of easier or clearer regulation in the US. A faster Senate process would be the next concrete development to monitor, along with any changes in the wording of the bill as lawmakers work through the market-structure debate.
Trump urges Senate to pass CLARITY Act to set clear rules for digital assets market
President Donald Trump called on the Senate to approve the CLARITY Act, aiming to create clear rules and regulatory roles for digital asset markets. This matters because current uncertainty about regulations slows industry growth and affects trading of major cryptocurrencies like Bitcoin and ether.