TRUMP' Will NEVER Let Crypto Down" Amid CLARITY Act Push

Donald Trump (@realDonaldTrump) has renewed his pro-crypto stance with a sweeping pledge to entrench digital asset regulation into US law, declaring that his administration will build a framework that even the most hostile future policymakers cannot dismantle.

In a post on Truth Social, Trump wrote: "Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters. The new Frontier of Finance is being Built in America, and 'TRUMP' will NEVER let Crypto down!"

Gensler and Anti-Crypto Policymakers in the Crosshairs

Trump used the remarks to renew his criticism of the prior regulatory regime. In the post, Trump named former Securities and Exchange Commission Chair Gary Gensler and the "anti-crypto army" as responsible for driving $BTC, crypto perpetuals, and broader innovation offshore. The White House has consistently framed that era as deliberate hostility toward the industry, with Trump previously calling the enforcement-heavy approach "a disgrace" that ended on January 20, 2025.

Critics of the old regime argue that the lack of a unified regulatory framework resulted in what many stakeholders describe as "regulation by enforcement," creating legal uncertainty, constraining traditional financial institutions, and pushing innovation abroad.

CLARITY Act Clears Key Senate Hurdle

Trump's comments arrive at a pivotal moment for crypto legislation on Capitol Hill. The CLARITY Act, which aims to create a comprehensive regulatory framework for digital assets, passed the Senate Banking Committee earlier in May after months of delay, with those delays driven mainly by disputes between US banking lobby groups and crypto advocates over stablecoin rewards.

The bill, described as the top legislative priority of the crypto industry, would add predictable oversight and guardrails to the sector. Under the legislation, the CFTC would receive exclusive jurisdiction over digital commodity spot markets, while the SEC would retain oversight of investment contract assets.

The road to full passage remains uncertain. Researchers at investment bank TD Cowen said the market structure bill is unlikely to pass this year, noting that conflict-of-interest concerns surrounding Trump make the legislation politically harder for Democrats to back, with one analyst writing that "it makes it politically hard for a Democrat to back a crypto bill unless it contains conflicts of interest standards that apply to the President."

Concerns include the Trump family's involvement in the crypto project World Liberty Financial and prediction market businesses, and Democratic Sen. Ruben Gallego warned that while he voted to advance the CLARITY Act in committee, he would oppose it on the Senate floor unless those conflicts are addressed.

The Senate Banking Committee markup gives Congress another shot at moving the bill before the White House's July 4 target for CLARITY Act passage.

Sources:
The Block: Trump vows to codify 'future-proof' digital asset market structure
CNBC: Crypto industry scores win as Clarity Act clears Senate hurdle
Congress.gov: H.R.3633 Digital Asset Market Clarity Act of 2025