Trump to meet Coinbase, Ripple and crypto leaders as CLARITY Act odds collapse to 10%

NEW: Trump and the heads of the SEC and CFTC are set to meet Coinbase, Ripple and other crypto leaders at the White House on Aug. 19, as odds of the CLARITY Act passing this year collapse to 10%.

The odds of America's big crypto bill passing this year have collapsed to 10 percent.

So Trump is calling everyone to the White House. On August 19 he's hosting the heads of the SEC and the CFTC alongside executives from Coinbase, Ripple, Chainlink, Kalshi, Andreessen Horowitz, even the New York Stock Exchange and Nasdaq. That's not a meeting, that's a rescue operation.

The CLARITY Act had real bipartisan juice. The House passed it 294 to 134 last year, the Senate Banking Committee moved it 15 to 9 in May. Then it hit the one thing nobody in the room can legislate around, Trump's own crypto ventures. Senators sent the White House an ethics framework on July 30. The administration hasn't agreed to it. Polymarket traders had this at 82 percent back in February. Galaxy Digital now says 10.

The bill isn't dying over crypto policy. It's dying over who's allowed to profit from it.

This is Angel Manalo, reporting for HIT.

Source Read the original reporting at cryptoslate.com