Crypto executives meet at the White House today to press for the market-structure legislation that has been stuck in the Senate since the House passed it 13 months ago.
A White House official told Politico’s Eleanor Mueller that the President will host an event with tech leaders to strengthen America’s innovative and technological dominance. Mueller reported on August 15, citing people familiar with the plans, that executives from Coinbase, a16z, Ripple, and Chainlink were among those expected. No public agenda has been released, and the administration has not published a list of attendees.
Industry’s Ask Is Market-Structure Legislation
The Digital Asset Market Clarity Act would divide jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission, placing most spot crypto trading under the CFTC while leaving securities activity with the SEC.
Coinbase chief policy officer Faryar Shirzad said the discussion is about finishing what the administration started, giving American markets the regulatory certainty that keeps innovation and investment in the United States rather than offshore.
Coinbase chief executive Brian Armstrong and Ripple chief executive Brad Garlinghouse have both publicly supported the bill. Franklin Templeton, BlackRock, Fidelity, Goldman Sachs, and Charles Schwab have all backed the bill, firms managing more than $30 trillion combined, as The Crypto Times reported in July.
Cloture Motion Ripens September 15
The House passed the CLARITY Act 294–134 on July 17, 2025. The Senate Banking Committee advanced an amended version 15–9 in May 2026, and Senator Cynthia Lummis released a 616-page Senate text on July 22 combining Banking and Agriculture committee work. Cloture was filed on August 8, and the motion is scheduled to ripen on September 15.
Cloture is the procedural step that ends debate and allows a vote to proceed. Ripening means the motion becomes eligible for that vote. It is not final passage, and further amendments and votes may follow.
As of today at 12:52 pm, prediction market contracts on the bill’s passage have priced the probability at around 19%.
Tokenization Expected Among Discussion Topics
Bitwise chief investment officer Matt Hougan has identified tokenization of real-world assets as a likely discussion point.
Tokenized equities have been an active regulatory question in recent weeks. Ondo Finance asked the SEC to address tokenized stocks in its rewrite of trading rules, which The Crypto Times reported on August 12, and the Commission began preparing a framework for tokenized stock trading in May.
CFTC Advisory Committee Meets Thursday
The meeting precedes the inaugural session of the CFTC’s Innovation Advisory Committee, scheduled for Thursday from 1:00 to 4:00 p.m. Eastern and streamed live on the agency’s website. Chairman Michael Selig, who sponsors the committee, released the agenda on August 13.
The agenda runs to three sessions. The first, on crypto’s regulatory evolution, covers the absence of a comprehensive federal market structure framework, the patchwork of state licensing regimes, regulation-by-enforcement policymaking, and areas where regulatory action can complement future congressional legislation. The second covers artificial intelligence, including autonomous agents capable of executing transactions and managing portfolios. The third, running 50 minutes, covers prediction markets.
That session lists the respective roles of federal and state authorities and recent state litigation and enforcement actions among its topics. Selig said he looks forward to meeting the entrepreneurs, thinkers, and builders of the committee to discuss how emerging technologies are shaping markets.
Unlike Wednesday’s closed-door meeting, the advisory session has a published agenda, is open to public viewing, and accepts written comments until August 27.
Prediction Market Companies Excluded
A White House official told Mueller that prediction market companies will not be a part of the event. The Crypto Times reported the expected attendee list on August 15, when Kalshi was among those anticipated. and reported subsequently that a person familiar with the event said the White House decided it should focus only on crypto.
Kalshi has been the subject of two separate actions in the past week. The CFTC invoked emergency authority on August 11 to direct the exchange to continue operating, after New York moved for a restraining order. The New York City Council announced an investigation on August 12 into the marketing practices of four prediction market platforms, including Kalshi.
The CFTC’s own advisory committee is scheduled to discuss prediction markets, and recent state litigation and enforcement actions, the day after the White House meeting from which prediction market companies were excluded.
Paradigm, listed among expected attendees, is an investor in Kalshi.
Also Read: SEC Cancels Crypto Rulemaking Meeting Amid CLARITY Act Stalemate
