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Crypto Push: Trump Unites SEC, Senate, and Ripple Behind the CLARITY Act

A Truth Social post from President Donald Trump calling America the “crypto capital of the world” has sparked a wave of coordinated support. The SEC, Republican-led Senate, and Ripple are all urging the swift passage of the CLARITY Act.

The statement marks Trump’s first public comment on the structure of the crypto asset market since March. Industry leaders and lawmakers immediately pushed for the Digital Asset Market Clarity Act of 2025 to go to a Senate vote within hours.

Trump’s Support for Crypto Sparks Unified Backing from Washington & Industry for the CLARITY Act

Trump argues that former SEC Chair Gary Gensler and the “Anti-Crypto Army” nearly destroyed the crypto industry in the United States.

He promises to create a “future-ready” legal framework protected from “Crypto Haters.”

On the account, SEC Chair Paul Atkins highlighted that the era of aggressive enforcement by the agency has “ended,” and pledged to provide comprehensive market clarity under Trump’s leadership with Congress.

This support aligns with the broader Project Crypto agenda to bring blockchain markets into the country and reset U.S. crypto policy.

Ripple CEO Brad Garlinghouse called this moment a proof of victory after years of litigation from the SEC against his company.

He emphasized that the anti-crypto coalition has been defeated by courts, voters, and Trump himself.

“The Anti-Crypto Army has been defeated… by the courts… by voters. And by Trump. This has never made sense politically, legally, or policy-wise,” Garlinghouse explained.

Republican Senate Gathers Support for the CLARITY Act

The U.S. Senate Banking Committee approved the CLARITY Act through a bipartisan vote of 15-9 on May 14.

Chairman Tim Scott reiterated Trump’s narrative of America as the crypto capital of the world. Now, Senate Majority Leader John Thune is in charge of scheduling the process in the Senate.

Senator Cynthia Lummis leveraged this momentum to highlight key consumer protections in the bill, referencing failures like the FTX collapse.

“Without the Clarity Act, if a digital asset exchange goes bankrupt, customers have no guaranteed rights to their own assets. They must wait in line with other creditors from Wall Street and expensive lawyers, hoping for the best,” she said.

The bill designates most digital tokens as commodities and divides oversight between the CFTC and SEC. It also provides additional protections for customer assets stored on exchanges.

The draft still needs at least 60 votes in the full Senate and must be aligned with the House version first. A realistic deadline is before the August recess, as the midterm election political climate complicates the passage process.

Whether this coordinated message can turn into super-majority support will determine the bill’s journey through 2026.