Trump Says Comprehensive US Crypto Legislation Could Be Signed Soon

From the stage at the World Economic Forum in Davos, Donald Trump signaled that landmark crypto legislation could reach his desk sooner rather than later, calling it a priority for his administration.

Trump framed the effort as part of a broader ambition to cement the United States as the global center of digital assets. Rather than focusing on technical details, he emphasized speed, telling the audience that Congress is actively working through market structure rules covering bitcoin and other crypto assets and that he hopes to sign the bill “very soon.”

A bill moving forward without consensus

Despite the public confidence, the legislative process has been anything but smooth. Support for the bill has fractured in recent days, most notably after Coinbase pulled its backing and a key Senate committee abruptly delayed a scheduled vote.

These setbacks exposed deeper disagreements that have been simmering beneath the surface. Lawmakers are now trying to keep the bill alive while navigating competing demands from banks, crypto firms, and regulators – all with different priorities and red lines.

Stablecoins turn into the pressure point

The sharpest divide centers on stablecoins and whether rewards linked to them resemble traditional interest-bearing deposits. Banking groups argue that allowing platforms to offer rewards, even indirectly, could drain deposits from smaller lenders and weaken the traditional banking system.

Crypto firms see it differently. They argue that the rules were already negotiated, that issuers themselves are barred from paying interest, and that restricting third-party rewards would amount to shielding banks from competition rather than managing risk. This clash has become the main obstacle to final agreement.

White House allies urge compromise

Inside the administration, there is concern that prolonged infighting could derail the entire effort. Patrick Witt, who serves as executive director of the President’s Council of Advisors for Digital Assets, warned that momentum can evaporate quickly, even under a pro-crypto White House.

That sense of urgency is shared by other officials. David Sacks said negotiations over yield and rewards are still ongoing but stressed that compromise is necessary if lawmakers want a bill signed rather than stalled.

Industry leaders press lawmakers to act

Executives across the crypto sector are also stepping up the pressure. Brad Garlinghouse argued that regulatory perfection is unrealistic and that waiting for unanimous approval risks prolonging uncertainty. In his view, a clear framework – even an imperfect one – would be enough to unlock innovation and investment.

Others have echoed the sentiment privately, warning that failure to act now could squander what may be the most favorable political environment crypto has ever had in Washington.

Congress faces a narrow window

Attention is now shifting to the Senate, where multiple committees hold pieces of the regulatory puzzle. The Senate Agriculture Committee is expected to release updated legislative text and hold a vote later this month, reflecting its expanding role in overseeing crypto markets through the Commodity Futures Trading Commission.

Meanwhile, the Senate Banking Committee has yet to reschedule its postponed hearing, leaving a major uncertainty hanging over the process.

Why this moment could define US crypto policy

The stakes extend beyond a single bill. For the first time, a sitting US president is openly pressing Congress to deliver comprehensive crypto legislation, while regulators and industry leaders are largely aligned on the need for clarity.

Whether lawmakers can bridge the remaining gaps will determine if this push becomes a historic turning point or another missed opportunity. Trump’s message from Davos was simple: the clock is ticking, and crypto regulation may not get a better chance than this.

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