Clarity Act: Trump Seeks to Solidify Crypto Rules So Future Presidents Cannot Undo Them

TLDR

• President Trump declared on Truth Social that the CLARITY Act would secure the future of digital asset regulation, preventing subsequent administrations from dismantling it.
• Treasury Secretary Scott Bessent is calling on both chambers of Congress to fast-track the legislation, emphasizing the need to domesticate the cryptocurrency industry.
• Senator Cynthia Lummis cautioned that in the absence of this law, users lack legal protections for their funds if a cryptocurrency exchange collapses.
• On Polymarket, the probability of the CLARITY Act passing in 2026 has risen to 57%, recovering from a previous low of 49%.
• The legislation must clear a critical Senate floor vote by June 2026, requiring bipartisan backing from Democrats to succeed.

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(SeaPRwire) –   The Trump administration and White House officials are intensifying their push for Congress to approve the Digital Asset Market Clarity Act. Below is an overview of the current situation and its implications.

Trump and His Team Push Hard for the Bill

This week, President Donald Trump took to Truth Social to advocate for the CLARITY Act, stating his goal is to “future-proof” cryptocurrency oversight. He argued that the legislation is necessary to stop future “crypto haters” in government from reversing established digital asset rules.

Forecast: Following deeper analysis and conversations with Washington insiders.

Trump’s “Future-Proof” initiative aims to democratize capital rather than protect traditional Wall Street margins. He is championing the CLARITY Act not because its current version forces crypto to conform to… pic.twitter.com/hEztSaQnqp

— PaulBarron (@paulbarron) May 28, 2026

Treasury Secretary Scott Bessent echoed these sentiments, advising lawmakers that the U.S. must establish precise definitions for digital assets and bring crypto operations under domestic oversight.

“The issues we see with digital assets stem from them operating in an unregulated offshore environment,” Bessent remarked, stressing the importance of bringing these activities onshore.

Bessent also reaffirmed that the current administration will not introduce a central bank digital currency (CBDC), characterizing a digital dollar as an initial step toward government surveillance.

Noting that the CLARITY Act has garnered bipartisan backing, he urged both the House and Senate to act swiftly.

Where the Bill Stands Right Now

Although the House of Representatives approved the CLARITY Act in July 2025, its progress in the Senate has stalled due to government shutdowns, pushback from the industry, and ethical concerns regarding the Trump family’s crypto involvements.

Trump, along with his sons and close associates, has ties to various memecoin ventures, the World Liberty Financial platform, its USD1 stablecoin, and a Bitcoin mining operation.

While the Senate Agriculture and Banking Committees approved the bill following markups in January and May, it still awaits a vote by the full Senate. With Republicans holding only a narrow majority, the bill will need support from several Democrats to pass.

However, some Democratic senators have indicated they will not vote for the bill unless more stringent ethical guidelines are added.

Senator Cynthia Lummis of Wyoming also strongly advocated for the legislation this week, framing it as a vital protection for everyday investors.

“If a digital asset platform goes under without the Clarity Act, customers have no legal claim to recover their funds,” Lummis cautioned. She also noted that software developers could face legal liability for writing code if the bill is not enacted.

The Senate has until June 2026 to bring the bill to a floor vote.

Market Reaction

Following Trump’s social media post, Bitcoin’s price slipped from over $74,000 to under $73,000. At the time of writing, the cryptocurrency was valued at $73,467.

On the prediction platform Polymarket, the estimated probability of the CLARITY Act passing in 2026 stands at 57%. This is an increase from a low of 49% following delays caused by a Senate recess, though still below its peak of 75%.

Additionally, Trump commented on the ongoing legal disputes surrounding prediction markets like Kalshi and Polymarket, supporting the Commodity Futures Trading Commission’s assertion of sole regulatory authority over these sites. Notably, his son Donald Trump Jr. serves as an adviser to both platforms.