US President Donald Trump is scheduled to attend a White House meeting on August 19 with major crypto firms including Ripple, Coinbase, Chainlink, Paradigm, Kalshi, and a16z. SEC Chair Paul Atkins is also expected to join the gathering, which comes as the Senate delayed a vote on the CLARITY Act until September 15. The bill aims to create a federal framework for digital assets, defining when tokens are securities or commodities and clarifying SEC and CFTC oversight roles. Outstanding disagreements remain on ethics provisions, anti-money laundering safeguards, and allowing rewards on stablecoin holdings.
US President Donald Trump will reportedly attend a high-profile gathering at the White House next week, as Washington’s efforts to establish a comprehensive digital asset framework remain unfinished. Some of the key industry participants expected at the event will come from Ripple, Coinbase, Chainlink, Paradigm, Kalshi, and a16z.
The meeting, scheduled to take place on August 19, will bring influential US-based crypto companies together with the heads of two agencies that could divide oversight responsibility. Reports claimed that execs from TradFi entities could also participate. More recent updates as stated confirmed that SEC Chair Paul Atkins is expected to attend.
The event’s timing is notable as it comes weeks after the Senate left Washington for its five-week August recess without voting on the CLARITY Act. Senate Majority Leader John Thune filed cloture on the motion to be voted on September 15.
The legislation seeks to establish a comprehensive federal framework for cryptocurrencies, including defining when tokens should be treated as securities or commodities. It also aims to clarify the respective responsibilities of the SEC and the CFTC. Senators failed to resolve outstanding disagreements before leaving Washington.
Those include ethics provisions, anti-money laundering safeguards, and whether digital asset companies should offer rewards on customers’ stablecoin holdings. The last part has drawn backlash from the banking industry, which argues such products could pull deposits from traditional lenders.
Although the August 19 meeting is unlikely to resolve these issues, it is still expected to be a major first step after talks stalled. Lobbyists and policy experts believe the passage won’t go through this year.
