White House Crypto Event Focuses on Legislation
Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong highlighted ongoing momentum for the Clarity Act following a crypto meeting at the White House. President Donald Trump called on Congress to pass the bill, describing the legislation as very bipartisan and noting that many Democrats support it.
Prior to the main event, a smaller group of executives—including Armstrong, Garlinghouse, a16z’s Chris Dixon, and Kraken co-CEO Arjun Sethi—met with Commerce Secretary Howard Lutnick. According to reports, discussions centered on the Clarity Act's potential to drive economic growth, create U.S. jobs, and encourage domestic entrepreneurs to return onshore.
Industry Leaders Urge Congressional Action
During the summit, which featured remarks by President Trump alongside SEC Chair Paul Atkins and CFTC Chair Michael Selig, participants addressed remaining legislative obstacles, including ethics provisions, and potential paths toward a bipartisan agreement.
President Trump described the legislation as structured and powerful, emphasizing its role in maintaining U.S. leadership against international competition. Ripple CEO Brad Garlinghouse pointed out that 67 million Americans—nearly one in four—currently hold digital assets, signaling the strong presence of crypto voters in Washington.
Coinbase CEO Brian Armstrong stated that the administration is fully committed to passing the bill to establish consistent rules for the sector. Armstrong urged the public to contact lawmakers ahead of the Senate's scheduled vote. Following the summit and the administration's renewed push, prediction markets registered higher odds for the Clarity Act being signed into law in 2026.
