The United States needs CLARITY. Clear rules of the road will ensure that America remains the crypto capital of the world.
The @CFTC stands ready to implement crypto asset market structure with or without legislation.
LATEST: 🇺🇸 CFTC Chair Michael Selig says the CLARITY Act is the best way to prevent "another Gary Gensler from running a rogue campaign of lawfare" against the crypto industry.
Sounds like clarity is coming either way:
1. 60+ votes in the Senate on September 15th
2. Or a new set of rules from the CFTC and SEC on September 16th
If CLARITY continues to stall because of Democratic obstruction, the @CFTC will utilize its existing authorities to begin establishing a regime for crypto asset markets. We owe it to the American people to do so.
Here's how we'll get it done ⬇️
BREAKING: 🇺🇸 The CFTC just had its first-ever meeting on The Crypto Clarity.
Here is what CFTC Chair Mike Selig said:
1. Crypto will get clear market structure rules regardless of whether Congress passes the Clarity Act or not.
2. Trump fired anti-crypto Gary Gensler to make the US the crypto capital of the world.
3. The CFTC is considering rules to allow crypto exchanges to offer leverage and margin trading.
4. The CFTC already has proposals ready and will use its existing authority if needed to create a crypto framework.
5. He’s optimistic the Clarity Act still passes the Senate (vote set for Sept. 15).
6. The Trump Administration has already delivered wins (GENIUS Act, clearer securities vs. commodities lion). More clarity is coming.
7. Clear rules are coming so the US can lead and keep innovation onshore.
Bottom line = US is GIGA bullish on crypto.
BREAKING: Crypto markets officially post their 7th largest liquidation event in history, with $3.5 billion in levered positions liquidated in 24 hours.
In 24 hours, crypto markets added +$280 billion in market cap.
That's +$12 billion in market cap per hour for 24 hours straight.
This afternoon at 1:00 PM ET, the @CFTC will kick off the inaugural meeting of its Innovation Advisory Committee to discuss crypto, AI and prediction markets.
Many of the executives who attended yesterday’s White House event will be there, including additional leaders from across crypto, traditional finance, academia and prediction markets.
BREAKING: 🇺🇸 Treasury Secretary Bessent says routine bond buybacks could exceed $4 billion.
This means US will pump over $4 billion into the financial system by purchasing its own bonds, a move that lowers borrowing costs and serves as a major green light for stocks and crypto.
🇺🇸 White House Crypto Summit recap:
• President Trump says US considers buying "sizable" amounts of Bitcoin & other crypto.
• Trump calls on Congress to pass Crypto Clarity Act.
• Trump says US is ensuring it remains the "undisputed leader" in $BTC & crypto.
• Hyperliquid $HYPE pumps 15% to $69 after Trump says CFTC is working to bring it to US.
• SEC Chair Paul Atkins says "we will ensure that the greatest advances of the technological frontier are realized right here in America."
• Gemini co-founders say "America should lead in crypto and win in market."
• Trump says he "ended the war on crypto once and for all."
As Congress works to establish a lasting regulatory framework, our new proposal, Regulation Crypto Assets, seeks to provide crypto asset entrepreneurs and market participants with clear pathways to raise capital under the federal securities laws.
TODAY: President Trump meets SEC Chair Atkins, CFTC Chair Selig and executives from Coinbase, Ripple, Gemini, Polymarket, Kalshi, Nasdaq, NYSE, CME and DTCC at the White House ahead of the inaugural CFTC Innovation Advisory Committee session on Thursday.