Trump backs stronger rules in Clarity Act, boosting passage prospects

https://247wallst.com/investing/cryptocurrency/2026/07/22/the-clarity-act-is-now-one-clause-away-from-passing-should-xrp-holders-celebrate/ Senator Cynthia Lummis announced that former President Donald Trump has agreed to stronger rules and transparency measures in relation to the Clarity Act. Lummis is urging the prompt passage of this significant legislation. The Clarity Act, formally known as the Digital Asset Market Clarity Act, aims to establish a comprehensive regulatory framework for digital assets in the United States, dividing oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill, which passed the House in July 2025 and cleared the Senate Banking Committee in May 2026, is now in late-stage Senate negotiations. Lummis’s statement highlights the critical support from Trump, potentially increasing the likelihood of its passage into law. Key Takeaways Lummis’s announcement suggests that Trump’s support for stronger rules could indicate increased momentum for the Clarity Act’s passage. The Clarity Act, having passed the House and Senate Banking Committee, is one of the most advanced crypto-regulation bills i...