US President Donald Trump is expected to attend a meeting at the White House on August 19 with executives from major US crypto companies including Ripple, Coinbase, Chainlink, and Paradigm, alongside the heads of the SEC and CFTC. The gathering comes weeks after the Senate left Washington for its five-week August recess without voting on the CLARITY Act, with the vote now scheduled for September 15. The bill seeks to establish a federal framework for cryptocurrencies by defining when tokens should be treated as securities or commodities and clarifying the respective responsibilities of the SEC and CFTC. Key disagreements remain over ethics provisions, anti-money laundering safeguards, and the contentious issue of rewards on customers’ stablecoin holdings. Lobbyists and policy experts believe the bill’s passage this year is increasingly unlikely due to upcoming midterm elections.
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