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[Digital Today reporter Jin-ju Hong] The U.S. Securities and Exchange Commission (SEC), Senate Republicans and Ripple Labs have each issued messages of support for the CLARITY market-structure bill, intensifying pressure to bring it to the full Senate.
On May 28 (local time), blockchain outlet BeInCrypto reported that President Donald Trump’s post on Truth Social — declaring his intention to make the U.S. the world’s crypto capital — prompted a wave of supportive comments from Washington and industry leaders.
It was Mr. Trump’s first public discussion of crypto market structure since March. In the post, he accused former SEC Chair Gary Gensler and a so-called “anti-crypto” camp of nearly destroying the U.S. crypto industry, and pledged to pursue legislation to establish a secure, forward-looking regulatory framework to shield the sector from its opponents.
Regulators moved in step. SEC Commissioner Paul Atkins said the era of hardline enforcement has ended. “For too long, the SEC was at odds with new technology and innovation, pushing entrepreneurs offshore,” he wrote, adding that the Trump administration and members of Congress are now working together to provide much-needed clarity to digital asset markets.
Ripple welcomed the development. CEO Brad Garlinghouse framed the shift as a response to Ripple’s long legal battle with the SEC, saying the “anti-crypto” camp has lost—to the courts, to voters and to Trump—and arguing that the previous regulatory approach has lost both legal and political credibility.
The legislative process is already underway in the Senate. On May 14, the Senate Banking Committee passed the CLARITY bill 15–9 in a bipartisan vote. Committee Chair Tim Scott said, “We reaffirm President Trump’s vision to make the U.S. a global crypto hub,” adding, “The CLARITY bill will set clear rules, protect consumers, and build the future of finance here in the U.S.”
At its core, the bill would classify a large number of digital assets as commodities and allocate oversight between the Commodity Futures Trading Commission (CFTC) and the SEC. It also includes custody rules designed to protect exchange customers’ assets.
Senator Cynthia Lummis stressed the need for consumer-protection measures. Without the CLARITY bill, customers would not have guaranteed rights to their assets if a digital-asset exchange fails, she warned, citing the FTX collapse where customers had to wait in line with general creditors for repayment and calling for structural reforms.
But significant hurdles remain. The CLARITY bill needs at least 60 votes to pass the full Senate, and lawmakers must then reconcile it with the House version. Washington insiders say a realistic deadline is the August recess — before the midterm election season ramps up.
Industry observers will be watching whether this rare alignment — administration officials, regulators, Congress and the crypto industry all backing the bill — translates into broader bipartisan support. Many analysts say the direction of U.S. digital-asset legislation in 2026 will depend largely on how much support the bill can muster on the Senate floor.
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
— Paul Atkins (@SECPaulSAtkins) May 28, 2026
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