Trump Warns Senate of Crypto Edge Threat from Delaying CLARITY Act

President Donald Trump is urging the Senate to pass the CLARITY Act before the August recess, warning that delays could hurt the United States' position in digital assets and artificial intelligence.

The bill aims to establish clearer rules for the cryptocurrency industry, but negotiations over its provisions have been ongoing due to disagreements among lawmakers.

Trump's push comes after the death of Senator Lindsey Graham, a key supporter of the legislation, which has left Senate Republicans with a narrower working majority.

The CLARITY Act includes a provision known as the Blockchain Regulatory Certainty Act, which would protect non-custodial software developers but could also make it harder for authorities to investigate illicit activity on blockchain networks.