Washington Goes All-In on Crypto: Trump Pushes Clarity, SEC Rules, and CFTC Warnings
In brief In a packed week, Trump hosted crypto executives at the White House and pressed Congress to pass a "fair version" of the Clarity Act—a nod to disputed ethics provisions he says single him out. At the CFTC's inaugural Innovation Advisory Committee meeting, Chairman Mike Selig framed the bill as protection against "another Gary Gensler" but warned that if Clarity stalls over "Democratic obstruction," the agency will use existing authorities to build its own crypto regime, having already directed staff to explore rules.
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Key Facts
- Fact 1: The SEC formally proposed Regulation Crypto Assets—allowing certain offerings up to $5 million over four years or $75 million annually without full registration, plus a conditional safe harbor.
- Fact 2: Myriad: Will the Clarity Act be signed into law in 2026?
- Fact 3: Ahead of the public remarks, Coinbase CEO Brian Armstrong, a16z Managing Partner Chris Dixon, Ripple CEO Brad Garlinghouse and Kraken co-CEO Arjun Sethi met privately with Commerce Secretary Howard Lutnick, according to two sources familiar with the meeting.
- Fact 4: It’s clear that there is a lot of support for crypto innovation from the… — Chris Dixon (@cdixon) August 20, 2026 Getting crypto’s marquee legislation across the finish line was also a central theme at Thursday’s Innovation Advisory Committee meeting, which brought together leaders from traditional finance, crypto, prediction markets and AI.
In brief In a packed week, Trump hosted crypto executives at the White House and pressed Congress to pass a "fair version" of the Clarity Act—a nod to disputed ethics provisions he says single him out. At the CFTC's inaugural Innovation Advisory Committee meeting, Chairman Mike Selig framed the bill as protection against "another Gary Gensler" but warned that if Clarity stalls over "Democratic obstruction," the agency will use existing authorities to build its own crypto regime, having already directed staff to explore rules.
The SEC formally proposed Regulation Crypto Assets—allowing certain offerings up to $5 million over four years or $75 million annually without full registration, plus a conditional safe harbor. Washington’s usual August lull disappeared this week. The SEC unveiled its first crypto-specific rulemaking proposal on Tuesday, President Donald Trump hosted industry executives at the White House on Wednesday, and the CFTC convened the inaugural meeting of its Innovation Advisory Committee on Thursday.
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Original source: Decrypt
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