Trump presses for crypto clarity as regulators sketch new rules

Trump pressed lawmakers to pass a fair version of the Clarity Act during a White House meeting with crypto executives, while the CFTC warned it will use existing powers to establish a crypto regime if Congress stalls. The SEC meanwhile proposed Regulation Crypto Assets to ease fundraising with a temporary safe harbor. At the CFTC’s Innovation Advisory Committee meeting, officials and industry leaders discussed ethics, bipartisan hurdles, and how to move toward a comprehensive US crypto framework, as private talks with major players underscored the push to bring crypto regulation onshore.