Trump to meet Coinbase, Ripple and crypto leaders as CLARITY Act odds collapse to 10%

An important story is making waves across the blockchain ecosystem. 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.

Market Dynamics

The meeting comes less than a month before the Senate is scheduled to take its next procedural step on the Digital Asset Market Clarity Act, legislation designed to establish federal rules for crypto markets and divide oversight between the SEC and CFTC. It also arrives as both agencies increasingly use their existing authority to shape crypto policy while Congress struggles to finish the broader framework. 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.

Even that diminished market-implied probability is nearly twice Galaxy Digital’s 10% estimate for passage this year. CLARITY Act's bipartisan coalition faces a September wall CLARITY entered the summer with something few major crypto bills have managed to secure: substantial bipartisan support in both chambers of Congress. That coalition has since fractured under disputes that have less to do with the architecture of crypto regulation than with the politics surrounding it.

The Senate Banking Committee advanced the legislation 15-9 on May 14, with Democratic Sens. Ruben Gallego and Angela Alsobrooks joining all 13 Republicans. The House had already approved H.

Market Impact

3633 by a 294-134 vote in July 2025, with 78 Democrats backing the measure. 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.

The biggest obstacle now is the ethics dispute surrounding Trump's crypto ventures. Galaxy Digital said the legislation has effectively shifted from a policy negotiation into a political one. A bipartisan group of senators sent the White House a proposed ethics framework on July 30, but the administration has not publicly agreed to it.

Without a compromise, Galaxy said supporters may have no viable path to the 60 Senate votes needed to advance the bill. That stalemate pushed CLARITY past the Senate's August recess without a floor vote. Nevertheless, Senate Majority Leader John Thune filed cloture on the motion to proceed before lawmakers left Washington, setting up an early test when the Senate returns Sept.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.