- President Donald Trump said his administration is building a future-proof digital asset market structure.
- Brad Garlinghouse said the “Anti-Crypto Army” was defeated by courts, voters, and Trump.
- Senator Cynthia Lummis said clear rules are needed to protect crypto users and innovation.
President Donald Trump has shown his support for the crypto industry, saying his administration will build a “future-proof” digital asset market structure. His statement comes as lawmakers continue debating the Clarity Act, one of the most closely watched crypto market structure bills in Washington.
Meanwhile, Ripple CEO Brad Garlinghouse backed the shift, saying the “Anti-Crypto Army” was defeated by the courts, voters, and Trump. The comments show how crypto policy has moved from enforcement battles into a wider fight over U.S. financial innovation.
Trump Backs Future-Proof Crypto Rules
Trump said the previous regulatory approach nearly damaged the American crypto industry by pushing Bitcoin, crypto perpetuals, and other innovations away from the United States. He credited his administration with reversing that trend and said builders and entrepreneurs are returning to the country.
His statement focused on a planned digital asset market structure that, in his words, cannot be undone by “crypto haters.” The message also framed crypto as part of a new financial frontier being built in America.
Notably, Fox Business journalist Eleanor Terrett noted that Trump’s statement marked his first public comment on crypto market structure since March. They also arrive as the industry waits for clearer rules on exchanges, tokens, stablecoins, DeFi, and market oversight.
Related: David Schwartz Questions IRS Position on Staking Reward Taxes
Garlinghouse Says Anti-Crypto Push Failed
Garlinghouse responded by saying the “Anti-Crypto Army” never made policy, legal, or political sense. He argued that efforts to fight financial innovation protected an older system rather than consumers or markets.
That comment reflects years of frustration among crypto firms that faced enforcement actions before Congress created clearer rules. Ripple’s long SEC battle remains one of the strongest examples of that period, as XRP became central to the U.S. debate over token classification.
However, the policy environment has shifted. Crypto firms now point to market structure bills, court rulings, and election outcomes as signs that Washington is moving away from regulation through enforcement.
Related: ‘No Rules Doesn’t Mean No Harm’: Lummis Pushes Crypto Clarity Act Amid DeFi Concerns
Clarity Act Still Faces Debate
Senator Cynthia Lummis has defended the Clarity Act, saying that no rules don’t mean no harm. According to Coin Edition, she said unclear regulation leaves users without proper recourse and makes it harder for responsible crypto firms to grow in the United States.
The Senate Banking Committee recently advanced the bill in a 15-9 bipartisan vote after negotiations over consumer protection, stablecoins, crypto ATMs, insolvency safeguards, and regulatory authority. Democratic Senators Angela Alsobrooks and Ruben Gallego supported the bill after compromise language was added.
Nevertheless, the bill still faces resistance. Senator Elizabeth Warren has opposed parts of the framework, citing concerns over conflicts of interest tied to Trump-linked crypto ventures, including the TRUMP memecoin and World Liberty Financial.
For now, Trump’s message, Garlinghouse’s response, and Lummis’s defense of the bill point to the same policy moment. U.S. crypto regulation is moving toward formal market rules, but the final shape of that framework still depends on Senate debate and broader political negotiations.
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