Trump administration moves ahead with new crypto rules, with key bill stalled in Congress

The Trump administration is pushing ahead with new crypto regulations as comprehensive legislation remains stalled in Congress. At a White House meeting on Wednesday, President Trump encouraged Congress to resolve the deadlock on the Clarity Act, which addresses ethics concerns over government officials profiting from digital assets.

Industry leaders attended the meeting, including SEC Chair Paul Atkins, CFTC Chair Mike Selig, and CEOs from Coinbase and Robinhood. Meanwhile, the Office of the Comptroller of the Currency (OCC) is expediting its regulatory timeline for stablecoins. Acting Comptroller Jonathan Gould revealed plans to finalize federal rules for stablecoins by November, with processing of crypto license applications beginning in January.

The OCC's GENIUS Act, passed in July 2025, established the first federal framework for stablecoins. Gould emphasized the agency's rapid action, noting an eightfold increase in applications over the past 18 months, reflecting the growing role of payment stablecoins in banking. The OCC's regulatory push aligns with broader regulatory shifts in Washington, such as the SEC's proposed rules allowing startups to raise capital through tokens without triggering traditional securities registration.