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Trump Backs CLARITY Act for Unrestricted Crypto Future; SEC and CFTC Classify 18 Assets as Commodities

GateNews

Regulation & Policy Enforcement Actions

2026-05-29 11:38:04

BTC1.67%

ETH2.63%

SOL2.55%

XRP2.07%

According to Trump's Truth Social post today (May 29), the President backed the Digital Asset Market Clarity Act (CLARITY), arguing it would secure the long-term future of the cryptocurrency industry in the U.S. and prevent future administrations from dismantling pro-crypto policies.

Separately, on May 14, the SEC and CFTC jointly released a 68-page document classifying 18 digital assets—including Bitcoin, Ethereum, Solana, XRP, and Litecoin—as commodities. The move indicates regulators are independently building regulatory frameworks even as the CLARITY Act awaits final Senate approval.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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