US President Donald Trump sent a prerecorded message to Coinbase's State of Crypto Summit, reaffirming his commitment to advancing crypto regulation in the US.
The administration is working with Congress to pass the GENIUS Act supporting dollar-backed stablecoins and clear market frameworks.
Congress is preparing to vote on the GENIUS Act in the Senate, while the House is moving forward with the CLARITY Act. The latter seeks to clarify the regulatory roles of the SEC and the Commodity Futures Trading Commission concerning digital assets.
Both bills form part of a broader effort to create a clear legal environment for the crypto industry.
Some Democrats oppose Trump's crypto ties, especially the family-backed stablecoin from World Liberty Financial. Despite tensions, Trump continues promoting his crypto agenda through conferences and videos.
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