The White House is preparing to convene executives from the cryptocurrency and prediction market sectors on August 19, according to people familiar with the arrangements. The guest list has not been finalized, and representatives from traditional finance firms may also take part. It remains unclear whether President Donald Trump will attend, and the White House has offered no public comment on the plans.

The gathering is scheduled for the day before the Commodity Futures Trading Commission holds the inaugural meeting of its Innovation Advisory Committee on August 20 in Washington. That panel, established by CFTC Chairman Michael Selig, will examine issues involving crypto assets, artificial intelligence, and prediction markets during a three-hour session open to the public via livestream.

Two Days of High-Level Engagement

The back-to-back events create consecutive days of contact between federal officials and industry leaders pressing for clearer national rules. The advisory committee includes 35 members drawn from crypto firms, prediction platforms, and established financial institutions. Among them are Polymarket founder Shayne Coplan, Kalshi co-founder Tarek Mansour, Coinbase chief executive Brian Armstrong, and Ripple chief executive Brad Garlinghouse, along with executives from CME Group, Nasdaq, DraftKings, and FanDuel.

Prediction markets, which allow participants to trade contracts tied to the outcomes of real-world events, have drawn increased regulatory attention. Courts have upheld the platforms’ ability to operate against certain state restrictions, yet lawmakers in New York City recently launched an inquiry into how these markets market themselves to local residents.

CLARITY Act Still Faces Obstacles

The meetings occur while the Digital Asset Market CLARITY Act awaits further Senate action. The legislation would establish a clearer test for classifying digital assets and divide oversight between the Securities and Exchange Commission and the CFTC, placing spot markets for digital commodities under the latter agency.

The House approved its version of the bill last year. The Senate Banking Committee advanced a version by a 15-9 vote in May, but the full chamber departed for its August recess without a floor vote. Senate Majority Leader John Thune has indicated the measure will receive early attention when lawmakers return in September. Passage requires 60 votes to overcome a filibuster.

Negotiations remain unresolved on several points. Democrats have raised concerns about ethics provisions related to crypto holdings by senior officials, including the president. Banking groups and some Republican senators have objected to language on stablecoin rewards, arguing it could allow incentives that resemble interest payments and draw deposits away from community banks. Current draft text prohibits yield on idle stablecoin balances while permitting certain activity-based rewards, a distinction that continues to generate disagreement.

Broader Policy Context

The Trump administration has pursued a series of measures supportive of digital assets since taking office. These include an executive order directing the creation of a Strategic Bitcoin Reserve and the withdrawal of several high-profile enforcement actions against crypto companies. Regulators have signaled an intent to oversee the sector in a more constructive manner while the legislative process continues.

Industry participants arrive in Washington seeking progress on regulatory certainty. Access to administration officials may prove more readily available than the bipartisan support still required in the Senate. The outcomes of next week’s meetings will help shape discussions when Congress reconvenes in September.