President Donald Trump is doubling down on his ambition to promote a permanent legal framework for cryptocurrencies in the United States, vowing that the country’s emerging digital asset rules will be “future-proof.” He added that the framework would be resistant to rollback by future administrations or political pundits.
These statements come amid an intense campaign in Washington to finalize comprehensive cryptocurrencies Market structure legislation It would determine how digital assets are regulated across federal agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
In his post Social account of truthTrump framed his cryptocurrency policy as a reflection of past regulatory hostility, writing the following:
Gary Gensler and the Anti-Cryptocurrency Army almost destroyed the US cryptocurrency industry by driving Bitcoin and everlasting cryptocurrencies and innovation abroad, but were saved by Trump. America is now the cryptocurrency capital of the world, and builders and entrepreneurs will return to the United States where they belong.
President Donald Trump
Why is the word “legalization” so important in Trump’s post?
Codification means writing something into law by passing it through Congress. The current cryptocurrency-friendly environment in the United States exists largely because President Donald Trump has appointed regulators who take a lighter approach to the industry.
The SEC, under Paul Atkins, has done away with most of Gary Gensler’s stance of enforcing enforcement first. The CFTC, under the leadership of Michael Selig, also aims to become the primary regulator of the prediction markets and cryptocurrency trading.
Likewise, the Department of Justice dropped several pending cryptocurrency cases. However, the new president can reverse these changes using new appointments and implementation priorities without issuing any law.
For this reason, Trump wants to secure the new friendly regulatory environment within a legal framework that requires congressional action to overturn.
Why did Trump mention Gary Gensler?
Trump cited Gensler’s name in his post to remind the cryptocurrency industry what was at stake and what needed to be done.
Gary Gensler was Chairman of the Securities and Exchange Commission from April 2021 until January 2025. Under his leadership, the SEC has sued some of the biggest names in the cryptocurrency industry, including… CoinbaseAnd Binance, Ripple, and Kraken.
According to the Securities and Exchange Commission at the time, many cryptocurrencies were unregistered securities and should have been regulated under existing laws.
Gensler wanted these companies to register with the SEC even if existing frameworks were not designed for cryptocurrencies.
This decision forced investors to move billions of dollars of capital to offshore cryptocurrency companies such as Dubai, Singapore, and London because they have clearer cryptocurrency laws.
Gary Gensler Step down As Chairman of the Securities and Exchange Commission in early 2025 after his term ended, Trump later nominated Paul Atkins to succeed him.
Atkins has reversed nearly every major cryptocurrency enforcement priority of the Gensler era, and even worked with the CFTC’s Michael Selig to craft clearer rules for the CLARITY Act.
Where does the law of clarity stand at the moment?
The CLARITY Act defines valid cryptocurrency tokens as securities (regulated by the SEC), and those as commodities (regulated by the CFTC).
It also guides companies on legal procedures for providing cryptocurrency products to US customers.
Furthermore, the bill outlines protections for decentralized software developers and explains the fate of customer funds if a cryptocurrency company files for bankruptcy.
The House passed the bill on July 17, 2025, and the Senate Banking Committee held its markup vote on May 14, 2026.
However, the bill still needs to be approved by the full Senate by 60 votes and signed into law. Now the White House has publicly targeted July 4, 2026, as a signing date, but many analysts say that timeline is too tight.
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