White House to host crypto and prediction market executives next week
The White House is planning to host cryptocurrency and prediction market executives on August 19, 2026, to discuss industry regulations. The meeting occurs one day before the Commodity Futures Trading Commission convenes its new 35-member Innovation Advisory Committee. The back-to-back events come as the industry lobbies for the Digital Asset Market CLARITY Act, which faces a challenging path in the Senate due to partisan disagreements over ethics carve-outs and stablecoin provisions.
White House crypto summit
▪The final attendee list and whether President Donald Trump will participate in the White House meeting on August 19, 2026, remain unconfirmed.
▪The White House is planning to host executives from the cryptocurrency and prediction market industries on Wednesday, August 19, 2026, according to reports citing three people familiar with the plans.
▪Traditional finance executives could also participate in the White House meeting scheduled for August 19, 2026, alongside cryptocurrency and prediction market representatives.
CFTC Innovation Advisory Committee
▪Members of the Commodity Futures Trading Commission's Innovation Advisory Committee include Polymarket's Shayne Coplan, Kalshi's Tarek Mansour, Coinbase's Brian Armstrong, and Ripple's Brad Garlinghouse.
▪The Commodity Futures Trading Commission's Innovation Advisory Committee, created by Chairman Michael Selig, consists of 35 members to advise on technology, law, and policy.
▪The Commodity Futures Trading Commission is scheduled to hold the first meeting of its Innovation Advisory Committee on August 20, 2026, in Washington.
▪The Commodity Futures Trading Commission's Innovation Advisory Committee roster includes executives from CME Group, Nasdaq, DraftKings, and FanDuel.
Digital Asset CLARITY Act
▪The Digital Asset Market CLARITY Act, which would split cryptocurrency oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, is pending in the Senate.
▪The Senate Banking Committee advanced the Digital Asset Market CLARITY Act with a 15-9 vote in May 2026.
▪Democratic senators object to an ethics carve-out in the Digital Asset Market CLARITY Act covering President Donald Trump's cryptocurrency holdings.
▪Republican Senators Josh Hawley and Jerry Moran oppose the stablecoin yield provisions of the Digital Asset Market CLARITY Act on behalf of community banks.
Prediction market regulation
▪New York City lawmakers opened an investigation in August 2026 into how prediction market platforms advertise to residents.
▪Federal courts have backed prediction market platforms against state restrictions, including a ruling favoring Kalshi that kept contracts trading in Minnesota.
Trump crypto policy
▪President Donald Trump has aligned his administration with digital assets and opened regulatory doors to prediction market operators since returning to office.
▪The Securities and Exchange Commission has started drafting its own cryptocurrency rulemaking as a fallback in case the Digital Asset Market CLARITY Act fails to pass.
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