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On August 19, President Trump will meet at the White House with CEOs of major crypto and prediction-market firms including Coinbase, Ripple, Gemini, Kraken, Robinhood, Polymarket, Kalshi, and more. SEC Chair Paul Atkins and CFTC Chair Michael Selig will both attend. Senior executives from traditional financial institutions such as the NYSE and Nasdaq have also been invited.
This meeting is seen as a warm-up for the first formal session of the newly established CFTC Innovation Advisory Committee. The main event, however, is in September—when the CLARITY Act will face a crucial vote in the Senate.
As for the CLARITY Act, it aims to establish a federal regulatory framework for digital assets and clarify the jurisdictional boundaries between the SEC and the CFTC. However, odds are not looking good—on Polymarket, approval probability is only 19%, and Galaxy Digital estimates it at just 10%. There are substantial disagreements between both parties on issues such as ethics in officials’ crypto-related activities and stablecoin incentives.
But Matthew Sigel, Head of Digital Assets Research at VanEck, offered a bold take: if the CLARITY Act is ultimately passed, it will trigger a “huge relief rally” across L1 tokens. Once regulatory clarity is in place, native assets of public chains could see an explosive breakout.
Will next week’s White House meeting be the prelude to a thaw in crypto regulation? The Senate vote on September 15 may well be the turning point that determines the fate of L1.
Let’s wait and see!
On August 19, President Trump will meet at the White House with CEOs of major crypto and prediction-market firms including Coinbase, Ripple, Gemini, Kraken, Robinhood, Polymarket, Kalshi, and more. SEC Chair Paul Atkins and CFTC Chair Michael Selig will both attend. Senior executives from traditional financial institutions such as the NYSE and Nasdaq have also been invited.
This meeting is seen as a warm-up for the first formal session of the newly established CFTC Innovation Advisory Committee. The main event, however, is in September—when the CLARITY Act will face a crucial vote in the Senate.
As for the CLARITY Act, it aims to establish a federal regulatory framework for digital assets and clarify the jurisdictional boundaries between the SEC and the CFTC. However, odds are not looking good—on Polymarket, approval probability is only 19%, and Galaxy Digital estimates it at just 10%. There are substantial disagreements between both parties on issues such as ethics in officials’ crypto-related activities and stablecoin incentives.
But Matthew Sigel, Head of Digital Assets Research at VanEck, offered a bold take: if the CLARITY Act is ultimately passed, it will trigger a “huge relief rally” across L1 tokens. Once regulatory clarity is in place, native assets of public chains could see an explosive breakout.
Will next week’s White House meeting be the prelude to a thaw in crypto regulation? The Senate vote on September 15 may well be the turning point that determines the fate of L1.
Let’s wait and see!
