Trump's Bold Move…Will the CLARITY Act Pass?

▲ Trump, Bitcoin ©

U.S. President Donald Trump has once again publicly emphasized his commitment to passing the CLARITY Act, a bill aimed at structuring the U.S. cryptocurrency market, stating his desire to make the U.S. the 'world's cryptocurrency capital.' Industry experts suggest that if the bill passes, the regulatory direction of the U.S. digital asset market could effectively be solidified long-term.

According to crypto media outlet Finbold on May 28 (local time), President Trump stated that he intends to legislate the CLARITY Act to establish a permanent and enforceable regulatory framework for the Web3 industry and digital asset market in the U.S. His renewed public support comes just two weeks after the Senate Banking Committee passed the bill with a 15-9 vote, once again demonstrating his commitment to fostering the cryptocurrency industry.

Through his social media platform, Truth Social, Trump claimed, “Gary Gensler and anti-crypto forces drove the U.S. crypto industry overseas, but I brought it back.” He added, “The U.S. is now becoming the world's crypto hub, and developers and entrepreneurs are returning to America.” He further emphasized, “I will create a future-proof digital asset market structure that crypto-hating forces cannot reverse.”

He also directly criticized 'Operation Chokepoint 2.0,' a policy pursued during the Joe Biden administration. This measure, which sought to restrict crypto companies' access to basic banking services, drew strong opposition from the industry. Trump's camp believes that if the CLARITY Act passes, the cryptocurrency industry in the U.S. can grow stably within the institutional framework.

However, there are many hurdles to overcome for the bill's passage. The CLARITY Act requires a minimum of 60 votes in the full Senate. With Republicans holding 53 seats, support from at least seven Democratic senators is needed. Senator Cynthia Lummis of Wyoming warned, “If the CLARITY Act does not pass this session, U.S. software developers could again face prosecution simply for publishing code,” urging bipartisan cooperation.

According to data from the decentralized prediction market Polymarket, market participants currently see a 56% chance that the CLARITY Act will be signed into law this year. However, this probability has dropped by 9% in the last 24 hours. Industry analysis suggests that as conflicts continue between banking lobbyists and the crypto industry, the future direction of the U.S. digital asset regulatory framework hinges on the outcome of this bill.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*