Trump Pledges a Permanent Regulatory Framework for Crypto that "Crypto-Haters Cannot Undo"
U.S. President Donald Trump has pledged to establish a "futuristic" regulatory framework for digital assets that future administrations cannot overturn, throwing his weight behind the "Crypto Clarity Act" as it advances through Washington.
In a post on Truth Social, Trump described cryptocurrency as "the new frontier of finance," adding: "Under my leadership, we will pass a futuristic regulatory structure for the digital asset market that crypto-haters cannot undo."
Trump accused the previous administration and former SEC Chairman Gary Gensler of driving Bitcoin trading and crypto innovation out of the United States in recent years. He declared that America has now reclaimed its position as the "crypto capital of the world," with developers and entrepreneurs returning to the U.S. where they belong.
Trump's statements coincide with the continued progress of the "CLARITY Act" within the U.S. Congress, which aims to establish the first comprehensive federal framework for digital asset regulation.
The proposed bill includes :
Granting the CFTC regulatory oversight over decentralized digital assets.
Granting the SEC authority to regulate tokenized securities.
Establishing clear registration pathways for crypto trading platforms.
Providing legal protections for DeFi application developers.
Clarifying rules regarding stablecoins and institutional custody services.
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