Trump: US is 'hottest country', urges Congress to pass CLARITY Act to stay ahead of China

Published Aug 22, 02:31 AM UTC

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President Donald Trump hosted a White House cryptocurrency summit with CFTC Chairman Michael Selig, SEC Chairman Paul Atkins, and executives from Coinbase, Robinhood, Ripple, and Kalshi. Trump reiterated his commitment to US leadership in Bitcoin, cryptocurrency, and prediction markets, calling the US the 'hottest country' and urging Congress to pass the CLARITY Act to stay ahead of China. When asked about government Bitcoin purchases, Trump said it 'has been talked about' and he would rely on advisors like Paul Atkins. Senate Banking Committee Chairman Tim Scott said the legislation has a 'really good shot' of moving forward in September, with a procedural vote scheduled for September 15. A remaining sticking point is an ethics provision tied to the Trump family's cryptocurrency interests. Trump noted Bitcoin has 'taken a lot of pressure off the dollar.'

Source

Yahoo FinanceWestern

Original headline: Trump Says US is the 'Hottest Country' and CLARITY Act Will Keep it Ahead Of China — Bitcoin Purchase 'Been Talked About'

Original language: EN-US

Part of this Story

Trump Hosts Crypto Executives, Pushes CLARITY Act, Bitcoin Surges Past $71,000

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People and interests

Donald Trump Kalshi China