President Trump has revisited the discussion about how the US should regulate cryptocurrencies. He stated his administration plans to create lasting rules for digital assets just as the Senate prepares to debate the CLARITY Act. This act aims to clearly define how different parts of the crypto world – including exchanges, storage companies, stablecoins, and trading platforms – will be regulated.
Former President Trump recently addressed cryptocurrency market rules in a Truth Social post, as reported by Fox Business’ Eleanor Terrett. He suggested the current debate is about reversing policies enacted during Gary Gensler’s time as head of the SEC and making it more difficult for future administrations to change course. Terrett noted this was Trump’s first public statement on the topic since March, and it came shortly after the Senate Banking Committee moved forward with the CLARITY Act.
Gary Gensler’s actions, perceived as hostile to the crypto industry, almost forced Bitcoin, crypto futures trading, and innovation to move overseas. However, Donald Trump’s policies are credited with revitalizing the American crypto market, establishing the U.S. as a global leader in the field and attracting entrepreneurs back to the country. Moving forward, we aim to create lasting regulations for digital assets that will protect the industry from future restrictions.
President Trump announced his administration is creating a digital asset market designed to last, and that it won’t be easily dismantled by those opposed to cryptocurrency.
This is the first time the president has publicly discussed how the crypto market is organized since March.
— Eleanor Terrett (@EleanorTerrett) May 27, 2026
CFTC Chairman Mike Selig quickly shared the post, adding that thanks to President Biden’s leadership, the U.S. is becoming a global leader in cryptocurrency. He stated that Bitcoin, crypto futures, and innovation are all on their way to the American market.
In Washington, the term “market structure” refers to the legal rules governing how crypto assets are classified and overseen. Specifically, it determines whether these assets are considered securities or commodities, which government agencies regulate them, and how businesses like trading platforms, brokers, and custodians operate. The rules established here are crucial for the crypto market, as they will impact how companies register, what information they must share, how assets are held safely, how consumers are protected, how money laundering is prevented, and how the overall market remains fair and reliable.
The general approach to digital asset policy became clear in January 2025 with a Trump executive order. This order aimed to encourage the growth of digital assets by promoting self-custody solutions, open access to public blockchains, stablecoins backed by the U.S. dollar, fair access to banking services, and clearer rules defining which regulators oversee different parts of the industry. A White House report from July 2025 then suggested that Congress expand the authority of the CFTC to include immediate trading markets for digital assets that aren’t considered securities. The report also asked the SEC and CFTC to work together to create clearer guidelines for registering, safeguarding, trading, and recording these assets.
Legislation regarding stablecoins has already been passed into law. President Trump signed the GENIUS Act on July 18, 2025, establishing the first federal rules for these digital currencies. The law requires stablecoins to be fully backed by liquid assets like dollars or short-term government bonds, and companies must publicly report their reserves each month. It also restricts how stablecoins are marketed and gives stablecoin holders priority if a company fails.
The main sticking point remains a comprehensive set of rules for the digital asset market. The House of Representatives approved the Digital Asset Market Clarity Act (CLARITY Act) in July 2025 with strong bipartisan support (294-134). The Senate Banking Committee followed suit on May 14, 2026, advancing its own version of the bill by a vote of 15-9. While two Democrats supported the committee’s version, they haven’t yet committed to supporting the final bill if it reaches the full Senate.
Crypto’s CLARITY Act Heads Toward Senate Fight
The Senate’s proposal would establish a new classification for certain digital assets, and require companies to regularly report details about specific transactions. It would also exempt some of these asset offerings from standard SEC registration under a new “Regulation Crypto” rule. Furthermore, the bill would classify businesses that handle digital commodities – like brokers, dealers, and exchanges – as financial institutions, meaning they’d have to follow anti-money laundering rules, verify customer identities, and conduct thorough due diligence.
When Donald Trump mentioned “crypto perpetuals,” he was alluding to a plan to move the trading of these financial products from overseas exchanges to regulated markets within the United States. According to Commissioner Selig, perpetual contracts are now commonly used to manage risk and determine prices, but the previous administration didn’t establish clear rules for them to be traded legally in the US. The Commodity Futures Trading Commission (CFTC) is now considering new regulations for retail investors trading these leveraged crypto commodities, and may create a new type of registration for leveraged trading platforms.
The proposed legislation is still meeting with resistance. Opponents say it doesn’t do enough to prevent money laundering, and that politicians shouldn’t be allowed to personally benefit from cryptocurrency businesses. There are also concerns that giving more power to the CFTC won’t adequately protect investors, as the SEC traditionally does. Banks are particularly worried about how the bill addresses stablecoins, fearing crypto companies might attract deposits by offering high rewards on stablecoin holdings.
The delay is now a significant problem for the bill’s chances of becoming law. While the CLARITY Act passed through the Senate Banking Committee, it still needs a full Senate vote. Even then, disagreements remain regarding anti-money laundering rules, how stablecoins should be regulated, provisions addressing political conflicts, and clarifying the roles of the SEC and CFTC.
This bill needs to be passed quickly, as the Senate’s schedule is getting crowded with summer breaks, campaign season, and the upcoming November elections. That means Republicans and Democrats who support cryptocurrency have a limited time to get the bill through the committees and passed into law before politics make it more difficult.
At press time, the total market cap stood at $2.43 trillion.
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2026-05-29 07:12