Trump expected to meet crypto CEOs at White House before CFTC panel's first session
The White House meets crypto's chiefs the day before the CFTC innovation panel's first session. A stalled market-structure bill and an ethics standoff hang over both.
President Donald Trump is expected to meet at the White House on Wednesday with chief executives from crypto, prediction-market and trading firms, a day before the CFTC's new Innovation Advisory Committee holds its first formal session. CoinDesk, citing people briefed on the planning, says the gathering will take place in the Eisenhower Executive Office Building and is meant to open a policy dialogue on U.S. innovation. Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi all have leaders on the committee.
The committee's membership reaches well beyond crypto. Alongside the Coinbase and Ripple chiefs sit the heads of CME Group, Nasdaq and Intercontinental Exchange, and DTCC head Frank La Salle. CFTC Chairman Mike Selig is expected at the White House meeting; Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick may join, according to one person briefed. A Wednesday meeting at the White House, ahead of a Thursday session at the CFTC, leaves little doubt about where this administration wants crypto policy set.
The Clarity Act shadow
The two events come in the middle of a Senate fight over the Digital Asset Market Clarity Act. CoinDesk reports that further action on the bill may depend on whether Trump accepts tighter ethics restrictions on his personal involvement in the crypto industry. The CFTC session is set for Thursday afternoon and takes up the group's innovation agenda; its opening panel is titled 'Crypto's Regulatory Evolution: From Uncertainty to Clarity,' with 'the remaining challenges to a durable federal market structure' among the suggested topics.
The White House meeting gives the administration a stage to call crypto a policy priority, but the market is reading Congress, where the Clarity Act is stuck. Digital Capital Daily's ETP coverage recorded the largest weekly outflow from bitcoin ETFs in six weeks as odds on the bill slipped. The SEC last week postponed its Regulation Crypto proposal without a new date. Until the Senate supplies the votes, the new committee's agenda remains advisory.