[DigitalToday reporter Jinju Hong (홍진주)] The U.S. Securities and Exchange Commission, Senate Republicans and Ripple Labs are simultaneously issuing messages of support for the CLARITY Act, a U.S. crypto market structure bill, pressuring the Senate to bring it to a full vote.
On May 28 local time, blockchain outlet BeInCrypto reported that after U.S. President Donald Trump said on his social media platform Truth Social that he would make the United States the world’s crypto capital, supportive comments from Washington and the industry followed.
It was the first time since March that Trump publicly mentioned crypto market structure issues. In his post, he targeted former SEC Chair Gary Gensler and what he called an “anti-crypto army,” claiming they had almost destroyed the U.S. crypto industry. He then reaffirmed his pro-crypto policy stance, saying he would legislate a future-ready regulatory framework safe from “crypto haters.”
Regulators also appeared to be moving in step. SEC Chair Paul Atkins said in recent remarks that the previous regulatory approach centred on tough enforcement had ended. “For too long, the SEC was at odds with new technology and innovation, pushing entrepreneurs offshore,” he said. “That era is over.” He stressed that the Trump administration and Congress together were providing the clarity needed for digital asset markets.
Ripple also immediately welcomed the move. Brad Garlinghouse (브래드 갈링하우스), Ripple’s chief executive, highlighted that the shift came after a long legal battle between Ripple and the SEC. “The anti-crypto army lost to the courts, voters and Trump,” he said, arguing that the existing regulatory approach had lost political and legal persuasiveness.
In the Senate, the legislative process is already under way. The U.S. Senate Banking Committee passed the CLARITY Act on May 14 by a bipartisan 15-9 vote. Chairman Tim Scott said it reaffirmed Trump’s vision of making the United States a global crypto hub, adding that the bill would set clear rules, protect consumers and help build the future of finance inside the United States.
The core of the bill is to define a substantial portion of digital assets as commodities and split oversight authority between the Commodity Futures Trading Commission and the SEC. It also includes custody rules to protect customer assets held by exchanges.
Senator Cynthia Lummis stressed the need for consumer protection provisions. “Without the CLARITY Act, when a digital asset exchange goes bankrupt, customers do not have guaranteed rights to their assets,” she said. She pointed to the FTX collapse, when customers had to wait alongside general creditors in the order of repayment, underscoring the need to fix the system.
Still, legislative steps remain. The CLARITY Act must secure at least 60 votes in the full Senate, and then go through a reconciliation process with the House version. In Washington, the realistic deadline being discussed is before the August recess, ahead of a full-scale midterm election phase.
The industry is watching whether the current flow of support messages from the administration, regulators, Congress and the crypto sector can translate into a broader bipartisan expansion of backing. There is also an assessment that the direction of U.S. digital asset legislation in 2026 will depend on how wide a base of support it can secure in the full Senate.
For too long, the SEC was at odds with new technology and innovation, pushing entrepreneurs offshore. That era is over. Under President Trump’s leadership, and alongside colleagues across the Admin and Congress, we are delivering much needed clarity to digital asset markets. pic.twitter.com/wqeixqyKP9