President Trump Backs Crypto Market Structure Bill to Lock In New Rules

TLDR

• Trump said the United States must codify a future-proof crypto market structure through Congress.
• The proposed framework would divide digital asset oversight between the SEC and the CFTC.
• Trump linked the push to Gary Gensler’s earlier enforcement approach against major crypto firms.
• The CLARITY Act aims to define which crypto tokens are securities and which are commodities.
• The Senate Banking Committee advanced its crypto market structure bill on May 14, 2026.

Trump has renewed his push to turn the United States’ crypto-friendly regulatory stance into a permanent legal framework through Congress.

President Donald Trump, in a Truth Social post, said his administration wants to codify a “future-proof” digital asset market structure that future political opponents would struggle to reverse. He framed the plan as a direct break from the enforcement-heavy approach used under former Securities and Exchange Commission Chair Gary Gensler.

The statement arrived as lawmakers continue work on crypto market structure legislation that would divide federal oversight between the SEC and the Commodity Futures Trading Commission. Supporters of the bill say the plan would give crypto firms clearer rules on token issuance, trading platforms, custody, and customer protections.

Trump Links Crypto Rules To Gensler Era

In his post, Trump accused Gensler and what he called an “anti-crypto army” of pushing Bitcoin, crypto perpetuals, and digital asset innovation outside the United States. He said his administration had brought builders and entrepreneurs back by making America the “crypto capital of the world.”

Gensler led the SEC from April 2021 until January 2025. During that period, the agency sued major crypto firms, including Coinbase, Binance, Ripple, and Kraken. The SEC said many crypto tokens were unregistered securities and argued that trading platforms should comply with existing securities laws.

Crypto companies and industry groups argued during Gensler’s tenure that the rules were not written for blockchain-based markets. Several firms also expanded operations in places such as Dubai, Singapore, and London, where regulators had already issued more specific digital asset rules.

Atkins And Selig Push New Oversight Model

After taking office, Trump nominated Paul Atkins to lead the SEC. Under Atkins, the agency has moved away from several enforcement priorities linked to the Gensler period.

The SEC has also worked with the CFTC under Chairman Michael Selig on clearer digital asset oversight. Selig has backed legislation that would give the CFTC a larger role in regulating crypto spot markets and related trading activity.

The two agencies have promoted joint work on digital asset rules through Project Crypto, according to SEC remarks from Atkins. The SEC has also said its recent token taxonomy separates several categories of digital assets from securities treatment.

The CLARITY Act remains the main bill tied to Trump’s crypto market structure agenda. The House passed the measure on July 17, 2025, according to the bill timeline cited by lawmakers and industry policy groups.

On May 14, 2026, the Senate Banking Committee voted 15-9 to advance its version of the bill. The committee text seeks to define when crypto tokens fall under SEC authority and when they fall under CFTC oversight.

The bill also lays out procedures for crypto firms serving U.S. customers. It includes provisions for decentralized software developers and customer assets in bankruptcy.

Legal Framework Would Limit Future Reversals

Trump’s push to codify the rules matters because many current crypto policy changes come from agency leadership choices. A future president could replace regulators and revive tougher enforcement policies without asking Congress.

By putting crypto market structure rules into federal law, Trump wants Congress to make any reversal harder. Industry advisers close to the administration say legislation would give firms more certainty than agency guidance alone.

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