President Donald Trump has convened key Republican senators at the White House as Ripple warned that rejecting the CLARITY Act would preserve regulatory gaps linked to the FTX collapse.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to Politico, Trump is scheduled to meet<\/a> several Republican senators on Thursday to discuss the crypto market structure bill and the remaining work needed to secure a Senate vote.<\/p>\n Senator Bernie Moreno told the publication that lawmakers would brief Trump on the legislation and \u201cits path to success.\u201d A Senate Republican aide also confirmed that Senator Cynthia Lummis, a leading supporter of crypto legislation, would attend the meeting.<\/p>\n \u201cWe\u2019ll be talking about the entirety of the bill. I mean, obviously the president\u2019s been very engaged in this bill,\u201d Moreno told Politico. \u201cHe\u2019s the one who\u2019s really driven the innovation that I think will pay dividends.\u201d<\/p>\n <\/p>\n Republican lawmakers are seeking to pass the CLARITY Act before Congress leaves Washington for the August recess. According to Politico, several lawmakers view the current work period as their best chance to move the measure before campaigning for the midterm elections takes up more of the Senate\u2019s schedule.<\/p>\n Ethics provisions remain a key source of disagreement. Senator Thom Tillis expressed hope that lawmakers and the White House could settle the dispute within days.<\/p>\n \u201cI\u2019m hoping that we can come up with some agreement by the end of this week,\u201d Tillis said.<\/p>\n As negotiations continue in Washington, Ripple chief legal officer Stuart Alderoty has urged lawmakers to support the legislation, arguing that a failed vote would leave the crypto industry exposed to misconduct under the existing system.<\/p>\n A vote against the Clarity Act is a vote to leave the same unregulated conditions in place to be exploited by bad actors. \u2014 Stuart Alderoty (@s_alderoty) July 15, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Alderoty linked his warning to the collapse of FTX, which left customers unable to access billions of dollars held on the exchange.<\/p>\n \u201cWe\u2019ve seen this movie. Let\u2019s not watch the sequel,\u201d Alderoty wrote.<\/p>\n Lauren Belive, Ripple\u2019s global co-head of public policy and government, also argued that lawmakers have yet to close the loopholes that contributed to past crypto failures.<\/p>\n \u201cThe same regulatory gaps that let bad actors like FTX collapse and wipe out customer funds are still wide open today.\u201d<\/p>\n<\/blockquote>\n Under the bill, authority over the crypto market would be divided between the Commodity Futures Trading Commission and the Securities and Exchange Commission. Ripple maintains that the framework would clarify each agency\u2019s role and introduce oversight before qualifying digital assets reach the market.<\/p>\n Doubts about the bill\u2019s prospects have increased on prediction markets despite the White House talks. Polymarket traders have lowered the probability of the CLARITY Act becoming law in 2026 to about 41%.<\/p>\n\n
Ripple warns regulatory gaps will remain open<\/h2>\n
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We’ve seen this movie. Let’s not watch the sequel. https:\/\/t.co\/PldBM2Ny5C<\/a><\/p>\n\n
Political odds fall as the Senate deadline tightens<\/h2>\n
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