President Donald Trump is expected to attend a White House meeting on August 19 with executives from ten major crypto and prediction market companies, alongside the top two US financial regulators.
The guest list includes leaders from Coinbase, Ripple, Andreessen Horowitz, Chainlink, Kalshi, Paradigm, Kraken, Gemini, the New York Stock Exchange, and Nasdaq. SEC Chair Paul Atkins and CFTC Chair Michael Selig are also expected, according to multiple reports from Politico and Bloomberg.
The session is scheduled for 2:30 p.m. ET at the Eisenhower Executive Office Building and is intended as a kickoff for the CFTC’s inaugural Innovation Advisory Committee meeting the following morning, August 20.
CLARITY Act Odds Collapse to 10%
The timing is deliberate and fraught. The Digital Asset Market Clarity Act, designed to create a federal framework for crypto markets, faces grim prospects. Galaxy Digital estimates just a 10% chance the bill becomes law in 2026, while Polymarket odds have dropped to 19% from 82% earlier this year.
Political fights over crypto regulation, ethics questions tied to Trump’s own crypto ventures, disputes over stablecoin rewards, and arguments about anti-money laundering protections have all eroded what was once a solid bipartisan coalition. Senate Majority Leader John Thune filed cloture on the motion to proceed, but the legislative calendar is running out as the Senate heads into recess for midterm campaigns.
Regulators Move Without Congress
With the CLARITY Act stalling, both the SEC and CFTC are pressing forward through existing authority. SEC Chair Atkins has two main projects underway: Reg Crypto, targeting crypto offerings, and an Innovation Exemption for tokenized securities. Both face resistance from traditional securities sectors and scheduled votes have been pushed back.
The CFTC under Chair Selig is moving faster. The agency stepped in to keep Kalshi’s event-contract market running against state-level challenges, demonstrating a willingness to use emergency powers to preserve federal oversight. The Innovation Advisory Committee meeting on August 20 will focus on future financial regulation and how the CFTC engages with industry.
For the companies in the room, the stakes are real. Coinbase, Ripple, and Kraken have all dealt with years of regulatory uncertainty. Getting face time with both agency heads alongside a White House backdrop is valuable positioning, even if nothing concrete emerges. As one observer put it, this meeting is a pressure-release valve rather than a signing ceremony.
Sources: Bloomberg; Politico; The Block; The Currency Analytics; CFTC
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