Trump has again publicly endorsed the Digital Asset Markets Clarity Act, considered a crucial part of U.S. crypto regulatory legislation. However, while it has passed the House of Representatives, it has yet to receive final approval from the Senate.
The Senate vote still failed to pass.
The CLARITY Act, currently under consideration in the Senate, focuses on clarifying the regulatory framework for digital assets and defining the boundaries of responsibility among federal agencies. The bill was passed by the House of Representatives in July 2025, but its progress has slowed significantly since then.
The slowdown is due to factors including disputes over federal funding, partisan differences, and concerns raised by some players in the banking and crypto industries. The report also mentions that the Trump family's involvement in multiple crypto businesses has kept the issue of conflicts of interest a central focus of discussion.
Democratic support depends on ethical terms
The Senate Agriculture Committee and Banking Committee have pushed the bill through committee review, but Republicans hold only a slim majority in the Senate, and if they want to move forward, they still need to win the support of some Democratic senators.
Several Democratic lawmakers have indicated that their support for the bill may depend on whether stricter ethical constraints are included in the text. The controversy involves World Liberty Financial, the stablecoin USD1, Bitcoin mining operations, and several Memecoin projects.
Regulatory authorities have already implemented classification measures.
Despite ongoing legislative stalemates in Congress, U.S. regulators have continued to push forward with the classification of digital assets. Trump's latest statement echoes previous remarks by SEC Commissioner Paul Atkins, who advocates for cross-governmental regulatory policies.
On May 14, the SEC and the U.S. Commodity Futures Trading Commission (CFTC) jointly released a 68-page document classifying 18 digital assets as commodities, including Bitcoin, Ethereum, Solana, XRP, and Litecoin.
This means that even if the CLARITY bill continues to be delayed in the Senate, a partial regulatory framework for the US digital asset market has begun to take shape, and the market is not in a completely unregulated state.
