White House convenes crypto and prediction-market executives
The White House is preparing a meeting next week to gather cryptocurrency and prediction-market executives, with traditional finance figures possibly attending and unclear participation from the president. The timing is notable because it is scheduled one day before the Commodity Futures Trading Commission's Innovation Advisory Committee meets industry representatives, and one month before the Senate is expected to take up the CLARITY Act. The industry views the CLARITY Act as central to defining federal oversight of digital assets, so the meetings could shape which industry demands gain traction during upcoming Senate negotiations.
White House meeting could influence Senate debate on the CLARITY Act.
Context
Lawmakers have delayed a vote on the CLARITY Act. The Senate is expected to take up the bill in September. The White House meeting could influence those talks and the CFTC advisory discussion.
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