Trump, SEC Chair Paul Atkins and CFTC Chair Michael Selig are expected to meet industry leaders as political disputes threaten CLARITY’s path.
President Donald Trump and the heads of the SEC and CFTC are expected to meet crypto and prediction-market executives at the White House next week as the industry’s biggest legislative priority faces dwindling odds of becoming law this year.
According to reports, the Aug. 19 gathering is expected to include executives from Coinbase, Andreessen Horowitz, Ripple, Chainlink, Kalshi and Paradigm, along with representatives from the Digital Chamber. Executives from Kraken, Gemini, the New York Stock Exchange and Nasdaq have also been invited.
Trump and Commodity Futures Trading Commission (CFTC) Chair Michael Selig are among those expected to participate, while Securities and Exchange Commission (SEC) Chair Paul Atkins is also set to attend. The final attendance list remains subject to change.
Polymarket traders on Saturday assigned the CLARITY Act a roughly 19% probability of being signed into law in 2026, down from a peak of 82% on Feb. 19. Even that diminished market-implied probability is nearly twice Galaxy Digital’s 10% estimate for passage this year.
CLARITY entered the summer with something few major crypto bills have managed to secure: substantial bipartisan support in both chambers of Congress.
But negotiations deteriorated over restrictions on crypto activities by senior government officials, limits on stablecoin rewards and protections against illicit finance. Banks have also pressed lawmakers to restrict rewards offered by stablecoin platforms, warning that yield-bearing products could pull deposits away from the traditional banking system.
Galaxy estimates that CLARITY would need to begin moving almost immediately and consume a substantial portion of that period to have a realistic chance of clearing the chamber this year.
That makes Wednesday's White House gathering more consequential. Executives from some of the companies that have spent years lobbying for federal crypto legislation will meet administration officials just weeks before the Senate determines whether CLARITY still has enough political support to move forward.