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Trump’s Crypto Push Unites SEC, Senate, and Ripple Behind CLARITY Act

Trump’s Crypto Push Unites SEC, Senate, and Ripple Behind CLARITY Act

BeInCryptoBeInCrypto2026/05/28 20:33
By:BeInCrypto
President Donald Trumps Truth Social post calling America the crypto capital of the world triggered a coordinated wave of support. The SEC, Senate Republicans, and Ripple all pressed for swift passage of the CLARITY Act. The remark marked Trumps first public statement on crypto market structure since March. Industry leaders and lawmakers pushed the Digital Asset Market Clarity Act of 2025 toward a full Senate floor vote within hours. Trumps Crypto Push Sparks Coordinated Washington Industry Backing for CLARITY Act Trump argued former SEC Chair Gary Gensler and the Anti-Crypto Army had nearly destroyed the U.S. crypto industry. He vowed to codify a future-proof framework safe from Crypto Haters. On the account, SEC Chair Paul Atkins highlighted the agencys enforcement-first era is over, promising market-wide clarity under Trump alongside Congress. For too long, the SEC was at odds with new technology and innovation, pushing entrepreneurs offshore.That era is over.Under President Trumps leadership, and alongside colleagues across the Admin and Congress, we are delivering much needed clarity to digital asset markets. Paul Atkins (@SECPaulSAtkins) May 28, 2026 The endorsement aligns with the broader Project Crypto agenda to bring blockchain markets onshore and reset US crypto policy. Ripple CEO Brad Garlinghouse called the moment a vindication after years of SEC litigation against the company. He said the anti-crypto coalition had been defeated by courts, voters, and Trump himself. The Anti-Crypto Army was defeated by the courts by the voters. And by Trump. It never made policy, legal or political sense, Garlinghouse indicated. Senate Republicans Corral Votes for the CLARITY Act The U.S. Senate Banking Committee passed the CLARITY Act in a 15-9 bipartisan vote on May 14. Chairman Tim Scott echoed Trumps framing of America as the global crypto hub. Senate Majority Leader John Thune now controls floor scheduling. Chairman @SenatorTimScott stands with @POTUS in the fight to make America the crypto capital of the world.The Clarity Act delivers clear rules of the road, protects consumers, and ensures the future of finance is built here at home. U.S. Senate Banking Committee GOP (@BankingGOP) May 28, 2026 Senator Cynthia Lummis used the moment to highlight a core consumer protection inside the bill, echoing failures from the FTX collapse. Without the Clarity Act, if a digital asset exchange goes bankrupt, customers have no guaranteed right to their own assets. They join a creditor line w/ other Wall Street firms and expensive lawyers and hope for the best, she noted. The bill defines most digital tokens as commodities and splits oversight between the CFTC and SEC. It adds custodial protections for customer assets at exchanges. The legislation still requires 60 votes on the Senate floor and reconciliation with the House version. The August recess is the realistic cutoff before midterm politics complicate passage. Whether the coordinated messaging translates into a supermajority will define the bills path through 2026.
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