Key facts
- President Donald Trump is expected to attend a White House meeting with crypto leaders.
- Executives from Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi are expected to attend.
- The meeting is scheduled for August 19, preceding the CFTC's Innovation Advisory Committee's inaugural meeting on August 20.
- Discussions will focus on crypto regulation, AI, and prediction markets.
- The CLARITY Act, advocated by Coinbase and Ripple CEOs, faces low odds of passing this year.
President Donald Trump is expected to attend a White House meeting with cryptocurrency leaders, including executives from Coinbase and Ripple, on August 19. This gathering serves as a prelude to the Commodity Futures Trading Commission's (CFTC) Innovation Advisory Committee's inaugural meeting on August 20. The committee, comprising CEOs from crypto, prediction markets, and AI companies, will discuss topics such as crypto regulation, AI, and market structures. While Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse have advocated for the CLARITY Act, its chances of passing this year are considered low, with odds below 20%. The SEC has reportedly postponed proposed guidance, potentially to avoid conflicts with the Act.