President Donald Trump has renewed his public push for statutory crypto market-structure rules, framing the effort as a way to lock in U.S. digital-asset policy beyond the reach of future regulators who may take a more restrictive view of the sector. The comments come as the CLARITY Act advances in the Senate and as the Commodity Futures Trading Commission signals a larger role in overseeing crypto markets, including spot digital commodities and potentially onshore crypto perpetuals.
Trump Pushes Future-Proof Crypto Market Rules
Trump used a Truth Social post to tie his administration’s crypto agenda directly to legislation, saying the United States is moving toward a “future-proof” digital asset market structure. The statement marked his first public intervention on crypto market structure since March, as noted by crypto policy reporter Eleanor Terrett on X, and arrived after the Senate Banking Committee advanced the Digital Asset Market Clarity Act, known as the CLARITY Act.
“Gary Gensler and the ‘Anti-Crypto Army’ nearly DESTROYED the American Crypto Industry by driving Bitcoin, Crypto Perpetuals, and INNOVATION offshore, but ‘TRUMP’ SAVED IT. America is now the CRYPTO CAPITAL of the WORLD, and Builders and Entrepreneurs are coming BACK to the United States where they belong. Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters,” Trump wrote. The post framed market-structure legislation not as agency-level guidance, but as statutory policy that would be harder for a future administration to reverse.
In Washington, digital asset market structure refers to the legal framework for determining which crypto assets are securities, which are commodities, which agencies regulate them, and how exchanges, custodians, brokers and other intermediaries must operate. Trump’s January 2025 executive order had already set the administration’s direction by supporting digital asset growth, self-custody, public blockchain access, dollar-backed stablecoins, fair banking access and clearer jurisdictional boundaries. The July 2025 White House digital asset working group report later recommended that Congress build on CLARITY by giving the CFTC authority over spot markets for non-security digital assets while the SEC and CFTC clarify registration, custody, trading and recordkeeping rules under existing authority.
CFTC Echoes Push as CLARITY Act Advances
CFTC Chairman Michael Selig quickly amplified Trump’s message, reinforcing the administration’s emphasis on bringing crypto trading activity into regulated U.S. venues. “Thanks to @POTUS’ leadership, America is the Crypto Capital of the World. Bitcoin, Crypto Perpetuals, and INNOVATION are Coming to America,” Selig wrote on X. His response matters because he has positioned the CFTC as a central agency in the next phase of U.S. crypto oversight, with his first public remarks as chair on Jan. 29, 2026, emphasizing “regulatory clarity, inter-agency coordination, and permissionless innovation.”
Thanks to @POTUS’ leadership, America is the Crypto Capital of the World. Bitcoin, Crypto Perpetuals, and INNOVATION are Coming to America. pic.twitter.com/7q0OUgX1Wo
— Mike Selig (@MichaelSelig) May 27, 2026
The reference to crypto perpetuals is significant. Selig has said perpetual contracts are widely used for risk management and price discovery, while arguing that the prior administration failed to create an onshore pathway for such products. He has also said the CFTC would use available tools to bring perpetuals and other novel derivatives into U.S. markets under safeguards, including work on rules for leveraged, margined or financed retail crypto commodity transactions and a possible new registration category for retail leveraged crypto trading.
The legislative backdrop is now moving beyond stablecoins. Trump signed the GENIUS Act on July 18, 2025, creating the first federal regulatory system for stablecoins, including 100% reserve backing with liquid assets such as dollars or short-term Treasuries, monthly public reserve disclosures, marketing restrictions and priority claims for stablecoin holders in insolvency. The broader CLARITY Act passed the House in July 2025 by a bipartisan 294–134 vote, and the Senate Banking Committee advanced its version on May 14, 2026, in a 15–9 vote, sending it to the Senate floor.
The Senate draft would create a category for ancillary assets, require initial and semiannual disclosures for certain transactions, and introduce a “Regulation Crypto” exemption from SEC registration for some ancillary asset offerings. It would allow issuers to raise the greater of $50 million per year for four years or 10% of outstanding ancillary asset value, subject to a $200 million cap. The bill would also treat digital commodity brokers, dealers and exchanges as financial institutions under the Bank Secrecy Act, bringing AML programs, customer identification and due diligence obligations into the framework.
The bill includes several other provisions closely watched by the industry. It clarifies that banks and certain financial companies may use digital assets and blockchain technology for already permitted activities such as payments, lending, custody and trading. It also addresses stablecoin yield by prohibiting covered digital asset service providers and affiliates from paying U.S. customers passive, deposit-like interest or yield on payment stablecoin balances, while allowing certain bona fide activity or transaction-based rewards under joint SEC, CFTC and Treasury rules.
The political path remains unfinished. The Senate committee vote included support from two Democrats, though those Democrats did not commit to backing the final bill on the Senate floor. Some Democrats argued the AML provisions were too weak and that the bill should prevent political officials from profiting from crypto ventures, while Sen. Elizabeth Warren said during markup that the legislation was too friendly to crypto companies and could put consumers, investors, national security and the financial system at risk.
Trump’s latest comments place the White House squarely behind congressional market-structure legislation at a pivotal stage for the CLARITY Act. The policy direction is not new, but the renewed presidential intervention, paired with an immediate response from the CFTC chair, underscores a coordinated push to bring spot crypto markets, perpetuals and broader digital-asset activity under U.S. statutory rules. The bill still needs Senate floor passage, potential reconciliation with the House text and final enactment before it becomes law.
AI Transparency Note: This article was prepared with the assistance of an AI system based on the sources listed and was reviewed, edited, and approved by a human editor before publication. All quotes, data points, and factual claims are intended to be grounded in the cited source material; however, errors cannot be ruled out entirely.
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