Trump urges completion of virtual asset regulations... "Will sign immediately"

▲ Donald Trump, Bitcoin (BTC)/AI-generated image

U.S. President Donald Trump has expressed his intention to immediately sign the U.S. Cryptocurrency Market Structure Bill (CLARITY), urging the institutional completion of the virtual asset market.

According to the cryptocurrency specialized media outlet Cryptopotato on April 26 (local time), Trump announced in a keynote speech at a meme coin-related event held at the Mar-a-Lago resort in Florida that he would sign the bill as soon as it reached his desk. This statement, made just hours before an evacuation due to heightened tensions related to Iran and a shooting near the White House, is interpreted as a reaffirmation of the administration's strong support for the virtual asset industry.

The U.S. Cryptocurrency Market Structure Bill aims to clearly distinguish the legal nature of virtual assets and adjust regulatory jurisdictions. According to the bill, the Commodity Futures Trading Commission (CFTC) will be responsible for digital commodities, and the Securities and Exchange Commission (SEC) will oversee tokens that are investment contract assets. It also includes the objective of protecting the decentralized finance (DeFi) ecosystem by regulating centralized intermediaries rather than software developers.

Despite Trump's strong intention to sign, there are numerous challenges to be resolved before the bill actually passes. The bill, which passed the House, is currently stalled in the Senate Finance Committee, with disagreements between parties over stablecoin regulation and whether to allow revenue generation. Some experts are concerned that certain provisions of the bill could negatively impact the industry and are calling for a cautious approach.

The biggest obstacle to the bill's passage is political opposition and delay tactics within the Senate. Approximately nine months have passed since its passage in the House, but the Senate has continuously pushed back deadlines, showing no clear progress. In particular, changes in the political landscape following the upcoming midterm elections are considered a crucial variable that will determine the bill's future fate. Trump has openly criticized those obstructing the bill's processing, pressing for its swift resolution.

Ultimately, the success or failure of the U.S. Cryptocurrency Market Structure Bill depends on a dramatic compromise in the Senate. Trump's promise to sign immediately sent a positive signal to the market, but the uncertainty of the legislative process remains. The virtual asset industry is closely watching political developments, hoping for the bill to be finalized before the midterm elections to secure regulatory clarity.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*