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#TrumpCryptoMove
Trump's Crypto Move: SEC, Senate, and Ripple Unite for the CLARITY Act
President Donald Trump's social media post declaring America the "crypto capital of the world" is sparking a coordinated wave of support. The US Securities and Exchange Commission (SEC), Republican Senators, and Ripple are beginning to jointly pressure for the CLARITY Act to pass into law quickly.
This statement marks Trump's first public comment on the structure of the cryptocurrency market since March. Industry leaders and lawmakers are working to bring the Digital Asset Market Clarity Act of 2025 to a Senate floor vote within hours.
Trump's Crypto Move: Simultaneous Support for the CLARITY Act in Washington and the Industry!
Trump claims that former SEC Chairman Gary Gensler and the "Anti-Crypto Army" nearly destroyed the US crypto industry.
Trump promised to legislate a "future-guaranteed" framework to protect against "crypto haters."
Furthermore, SEC Chairman Paul Atkins stated that the agency's "enforcement first" era is over, and that Trump and Congress have pledged to provide clarity across the entire market.
This support aligns with the Project Crypto agenda, aiming to bring blockchain markets to the US and reshape US crypto policy.
Brad Garlinghouse, after years of SEC lawsuits against his company, interpreted this moment as a victory.
According to him, the "anti-crypto coalition" was defeated by the courts, the voters, and Trump himself.
"The anti-crypto army was defeated by the courts, by the voters, and by Trump. This approach never made sense from a policy, legal, or political standpoint anyway," he said.
Senate Republicans are rallying for the CLARITY Act!
On May 14th, the US Senate Banking Committee passed the CLARITY Act with a bipartisan vote of 15 to 9.
Committee Chairman Tim Scott made statements in line with Trump's characterization of America as a crypto hub. Senate Majority Leader John Thune will now set the date for the vote in the general assembly.
Lummis stated: 'The Transparency Act is crucial; when a digital asset cryptocurrency exchange goes bankrupt, they don't have absolute rights over their own assets. They join the ranks of creditors along with other Wall Street companies and expensive lawyers, and all that's left is to pray.'
The bill defines most digital tokens as commodities and grants oversight authority to both the Commodity Futures Commission (CFTC) and the SEC. It also provides personal custody guarantees for clients on cryptocurrency exchanges.
However, the bill needed 60 votes in the current Senate and consensus in the House of Representatives. The August recess is seen as a real threshold for legislation, given the ongoing presidential and midterm election period.
This support from coordinated messages will determine the bill's fate until 2026, securing a sufficient majority for its passage by that date.