Trump Urges Congress to Pass Major Cryptocurrency Bill

President Donald J. Trump called on Congress to pass a major cryptocurrency bill during a live address at the White House Crypto Summit 2026.

The move signals a push to shift federal regulation in favor of the digital-asset industry. By updating existing frameworks, the administration aims to solidify the U.S. position in the global cryptocurrency market.

Speaking from the White House in Washington, D.C., on Aug. 19, 2026, the president focused his remarks on the need for legislative action. The address was part of a larger summit bringing together crypto executives and policymakers to discuss the future of digital finance.

Trump said that the current regulatory environment requires updates to better support the industry. The proposed legislative shift would tilt regulation toward a more industry-friendly approach, reducing friction for firms operating within the U.S.

While the primary focus of the event remained on digital assets, some reports indicated different expectations for the president's primetime communication. While the New York Times reported the focus was on crypto regulation, other reports suggested the address might cover voting-machine security and elections.

Scheduling for the address was listed for 9 p.m. ET ^[1]. The summit served as a platform for the administration to coordinate with private sector leaders on how to integrate blockchain technology into the broader national economy.

The push for a comprehensive bill follows years of fragmented regulation across different federal agencies. The administration is now seeking a unified legislative standard to provide clearer rules for investors, and developers.