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Trump urges Congress to pass Clarity Act as prediction markets miss White House meeting

Regulation

US President Donald Trump urged Congress to pass the Clarity Act at a White House meeting with cryptocurrency and financial-industry executives. Prediction-market representatives were not invited, and a person familiar with the meeting said the administration had decided to focus on crypto; the CFTC’s Innovation Advisory Committee was due to meet the following day.

The meeting excluded prediction-market companies as federal and state authorities debate how event contracts should be regulated.

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