White House crypto and AI policy aides support a compromise to deliver legislation, with a Senate Agriculture Committee planning a Jan. 27 hearing to modify and vote on its version, though Banking Committee dates remain uncertain.

At Davos, the U.S. is positioned as the world’s crypto hub, with the administration signaling that sweeping cryptocurrency market structure legislation—embodied by the CLARITY Act—will be signed very soon to maintain U.S. leadership and unleash innovation.

Trump argues the push is essential for keeping America ahead of China in financial innovation, framing the move as protecting Americans’ financial freedom and unlocking new paths for investment.

Meanwhile, Coinbase pulled its backing for the GENIUS Act last week over stablecoin yield language, contributing to a delay in a Senate Banking Committee vote.

Bitcoin traded around $89,000 after a price slide tied to ongoing crypto-policy uncertainty, fueling sizable long-position liquidations.

Crypto industry groups are mobilizing for the 2026 midterms, having already spent hundreds of millions in the 2024 cycle and gearing up for future elections.

Trump reiterated calls for a win-win path on crypto policy, using CNBC and social media to push for movement on market structure legislation.

Senator Cynthia Lummis expressed support, urging the CLARITY Act to move forward to completion.

The administration asserts that broader crypto market structure rules are nearing passage, highlighting the potential to expand financial freedom for Americans amid growing political support.

There is a geopolitical motivation to act quickly, with the U.S. aiming to outpace China before rivals gain a foothold in crypto markets.

Industry leaders react: Coinbase’s Brian Armstrong questions flawed legislation, while Ripple’s Brad Garlinghouse advocates for clear frameworks despite imperfect consensus, and critics push back against Coinbase’s stance.

Advocates frame integrating crypto into the U.S. financial system as part of broader goals to curb inflation and boost domestic investment, citing substantial investment commitments since inauguration.