President Donald Trump urged congressional lawmakers to approve the Clarity Act on Wednesday, while also suggesting the government may expand its Bitcoin holdings.
Following a meeting with crypto industry executives at the White House, Trump emphasized that clearing the Clarity Act would be essential to maintaining U.S. competitiveness against China.
Originally, lawmakers aimed to vote on the crypto market structure bill—the Clarity Act—during August. The vote has been rescheduled for September. The legislation seeks to establish a clear framework for categorizing digital assets as securities, commodities, or payment stablecoins.
BREAKING: President Trump when asked if the U.S. plans to accumulate sizable amounts of Bitcoin:
“Certainly it’s been talked about. It’s take a lot of pressure off the dollar. It’s been very, very good for the dollar. and I think if you came in with recommendations I would… pic.twitter.com/NnWFHi51nT
— Bitcoin Magazine (@BitcoinMagazine) August 19, 2026
“We are committed to ensuring America remains the undisputed leader in Bitcoin and crypto, as well as emerging technologies like prediction markets and artificial intelligence,” Trump declared.
“Congress must now move forward by passing a fair version of the Clarity Act—a landmark structural bill that will solidify U.S. leadership over China and the global community,” he added.
In response to questions about potential government Bitcoin accumulation, Trump remarked, “The concept has been discussed; it has relieved significant pressure on the dollar and proven highly beneficial, and I would certainly consider recommendations from regulators.”
Trump signed an executive order last year creating a strategic Bitcoin reserve. The order prohibits the sale of the government’s Bitcoin holdings, the majority of which were seized during law enforcement actions, though it does not mandate new purchases.
Trump has recently praised Bitcoin’s growing role, noting in a Punchbowl News interview: “We’re seeing people transact with Bitcoin without even thinking about cash anymore.”
Although the House passed the Clarity Act last year, it has faced prolonged gridlock this year, with banking lobbyists and crypto firms clashing over issues such as whether platforms like Coinbase should be permitted to offer yield-bearing products to customers.
Some legislators have proposed amending the bill’s ethics provisions. A separate measure circulating since July would prohibit government officials from promoting or profiting from cryptocurrency.
Other lawmakers argued the bill still falls short, while pro-crypto Republicans have accused Democrats of politicizing the process and intentionally delaying its passage.
