Trump Urges Completion of Virtual Asset Regulation..."Will Sign Immediately"

▲ Donald Trump, Bitcoin (BTC)/AI generated image

U.S. President Donald Trump has expressed his intention to immediately sign the U.S. Cryptocurrency Market Structure Bill (CLARITY), urging the institutional completion of the virtual asset market.

According to the cryptocurrency media outlet CryptoPotato on April 26 (local time), Trump announced at a keynote speech at a memecoin-related event held at Mar-a-Lago Resort in Florida that he would sign the bill as soon as it reaches his desk. This statement, made just hours before an evacuation due to rising tensions with Iran and a shooting near the White House, is interpreted as a reaffirmation of the administration's strong support for the virtual asset industry.

The U.S. Cryptocurrency Market Structure Bill aims to clearly distinguish the legal nature of virtual assets and adjust regulatory jurisdiction. According to the bill, the Commodity Futures Trading Commission (CFTC) would oversee digital commodities, while the Securities and Exchange Commission (SEC) would be responsible for tokens that are investment contract assets. It also includes the objective of protecting the decentralized finance (DeFi) ecosystem by regulating centralized intermediaries rather than software developers.

Despite Trump's strong will to sign, there are still many challenges to overcome before the bill is actually passed. The bill, which passed the House, is currently stalled in the Senate Finance Committee, with no narrowing of differences between the parties regarding stablecoin regulation and whether to allow revenue generation. Some experts are concerned that certain provisions of the bill could negatively impact the industry and are calling for a cautious approach.

The biggest obstacle to the bill's passage is political confrontation and delay tactics within the Senate. Approximately nine months have passed since it passed the House, but the Senate has continuously pushed back deadlines and shown no clear progress. In particular, changes in the political landscape due to the upcoming midterm election results are considered a decisive variable for the bill's future fate. Trump has publicly criticized those obstructing the bill's processing, pressing for its swift resolution.

Ultimately, the success or failure of the U.S. Cryptocurrency Market Structure Bill hinges on a dramatic compromise in the Senate. While Trump's promise of immediate signing sent a positive signal to the market, the uncertainty of the legislative process remains. The virtual asset industry is closely monitoring political developments, hoping for the bill's finalization before the midterm elections to ensure regulatory clarity.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*