President Donald Trump hosted executives from major crypto companies at the White House on Aug. 19, declaring the “war on crypto” is over and urging Congress to move on the Clarity Act, according to Investor’s Business Daily. The summit kicked off what the administration described as a week of regulatory discussions in Washington.
Executives from Coinbase, Gemini, Robinhood and Ripple attended alongside prediction-market firms, with Securities and Exchange Commission Chair Paul Atkins among the regulators present, according to reporting on the event.
What the president said
Trump framed the administration’s position as an end to the prior regulatory approach toward digital assets, positioning the United States to lead the sector. His remarks were a statement of administration policy rather than a legislative outcome, and no bill was signed at the meeting.
The event followed months of industry lobbying for clearer federal rules, with crypto firms seeking to move oversight of trading away from the securities regulator.
The Clarity Act
The Clarity Act seeks to remove securities-regulator oversight from most crypto trading and give clearer authority to market regulators. Crypto supporters have said the bill could bring long-awaited rules to digital assets, though a vote had not been finalized at the time of the summit.
Some market observers have noted that the legislation still faces a Senate process, meaning the summit’s outcome remains a policy push rather than settled law.
