U.S. President Donald Trump said he will lead efforts to establish a digital asset market structure that cannot be tampered with in the future.
In a Wednesday post on Truth Social, Trump wrote that former Securities and Exchange Commission Chair Gary Gensler and the "anti-crypto army" drove bitcoin, crypto perpetuals, and innovation offshore.
"Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters," the U.S. president wrote. "The new Frontier of Finance is being Built in America, and 'TRUMP' will NEVER let Crypto down!"
Trump's comment comes after the Clarity Act, which aims to create a comprehensive regulatory framework for digital assets, passed the Senate Banking Committee earlier in May after months of delay. The delays were mainly due to debates between U.S. banking lobby groups and crypto advocates over stablecoin rewards, among other concerns.
Far from done
