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      Trump Advocates for CLARITY Act to Strengthen U.S. Leadership in Cryptocurrency

      President Donald Trump emphasized the importance of U.S. leadership in cryptocurrency during a White House summit on Wednesday. He urged Congress to expedite the passage of the CLARITY Act, which he believes will help maintain the country's competitive edge over China in the cryptocurrency sector. Trump described the U.S. as the 'hottest country' in the world and expressed confidence that the legislation would bolster innovation in Bitcoin and other digital assets.

      The summit featured key figures from the cryptocurrency industry, including CFTC Chairman Michael Selig and SEC Chairman Paul Atkins, along with executives from companies such as Coinbase and Robinhood. Trump commended Selig for his efforts in bringing Hyperliquid, a decentralized exchange, to the U.S. in a compliant manner. He also acknowledged the potential benefits of Bitcoin for the U.S. economy, stating that it has alleviated some pressure on the dollar.

      Regarding the government's plans to acquire Bitcoin, Trump mentioned that discussions have taken place but deferred to Atkins and his team for any decisions. He previously signed an Executive Order to establish a Strategic Bitcoin Reserve, encouraging officials to explore budget-neutral strategies for acquiring Bitcoin. The CLARITY Act is currently scheduled for a procedural vote in the Senate on September 15, with optimism surrounding its potential passage.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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