[Trump Urges Congress to Pass the 'Fair Version' of the Clarity Act] BlockBeats News, August 20: U.S. President Donald Trump stated during a meeting at the White House with executives from the crypto industry and financial institutions that he is urging Congress to pass the 'fair version' of the *Clarity Act* (Crypto Market Structure Bill) to establish a clearer regulatory framework for digital assets. Trump remarked that the bill would help the United States maintain its leading position in the cryptocurrency sector and open up space for the next wave of innovation and entrepreneurship. He emphasized that the U.S. needs clear regulatory rules to prevent crypto companies from relocating overseas due to policy uncertainty. The meeting included executives from Coinbase, Ripple, Robinhood, Kraken, Chainlink, Gemini, and other crypto and financial firms, as well as SEC Chairman Paul Atkins, CFTC Chairman Michael Selig, and White House crypto advisor Patrick Witt. The *Clarity Act* aims to clarify the regulatory authority of the SEC and CFTC over digital assets and establish a federal-level regulatory framework for the crypto market. The bill is expected to be reintroduced in the Senate for review in September. Currently, Republicans still need to secure the support of about six Democratic senators to reach the 60-vote threshold for passage. Additionally, Trump highlighted that his administration has advanced policies related to cryptocurrencies, including a strategic Bitcoin reserve, a digital asset reserve plan, a ban on a U.S. central bank digital currency (CBDC), and the *Clarity Act*. Previously, the U.S. SEC had proposed new rules for crypto asset issuance, aiming to provide regulatory exemptions for certain token offerings and lower the financing threshold for eligible crypto projects. [Original Link]