Trump to host White House meeting on August 19 with Ripple, Coinbase, SEC, and CFTC leaders to address stalled CLARITY Act and crypto regulatory framework.
Regulation & Gov ·
President Trump will convene a White House meeting on August 19 bringing together executives from major crypto firms including Ripple, Coinbase, Chainlink, Paradigm, Kalshi, and a16z, alongside SEC Chair Paul Atkins and leaders from the CFTC. The gathering aims to address the stalled CLARITY Act, which would establish a federal framework defining how tokens are regulated and clarifying which agency—the SEC or CFTC—oversees different digital assets.
The Senate left Washington for a five-week recess without voting on the measure, with a cloture motion filed for September 15. Several disputes remain unresolved, including ethics provisions, anti-money laundering safeguards, and whether crypto firms may offer rewards on stablecoin holdings—a proposal the banking industry opposes over deposit concerns. The August 19 meeting is expected to serve as a procedural step before that September vote, though it is unlikely to resolve the outstanding disagreements on its own.
Lobbyists and policy experts assess that passage this year faces significant headwinds. The approaching midterm elections and vote-counting challenges in the Senate weigh against swift approval, despite the Trump administration's push for the bill to move forward.