Story perspectives

Trump Urges Congress to Pass CLARITY Act by Sept. 15

8/22/2026

Summary

Story summary

U.S. President Donald Trump urged Congress to pass the CLARITY Act at a White House crypto summit.
Securities and Exchange Commission (SEC) Chair Paul Atkins called passing the CLARITY Act the most important priority.
Commodity Futures Trading Commission (CFTC) Chair Mike Selig said the agency stands ready to implement the CLARITY Act once enacted.
Senate will begin procedural consideration in mid-September, with a floor vote set for Sept. 15.

History

Historical Context

The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in 2010, overhauled U.S. financial regulation after the 2008 crisis, mandating stricter oversight of derivatives. The Federal Reserve reported that derivatives exposure exceeded $600 billion in 2012, prompting the Commodity Futures Trading Commission to expand its supervisory budget by 15%. Today, President Donald Trump, SEC Chair Paul Atkins, and CFTC Chair Mike Selig are urging Congress to adopt the CLARITY Act, echoing Dodd-Frank’s push for clearer crypto-asset oversight. If passed, the CLARITY Act could standardize reporting, reduce market fragmentation, and set a precedent for future digital-asset legislation across the United States.

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Story summary

U.S. President Donald Trump urged Congress to pass the CLARITY Act at a White House crypto summit.
Securities and Exchange Commission (SEC) Chair Paul Atkins called passing the CLARITY Act the most important priority.
Commodity Futures Trading Commission (CFTC) Chair Mike Selig said the agency stands ready to implement the CLARITY Act once enacted.
Senate will begin procedural consideration in mid-September, with a floor vote set for Sept. 15.

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