U.S. President Donald Trump said he will lead efforts to establish a digital asset market structure that cannot be tampered with in the future.

In a Wednesday post on Truth Social, Trump wrote that former Securities and Exchange Commission Chair Gary Gensler and the "anti-crypto army" drove bitcoin, crypto perpetuals, and innovation offshore.

"Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters," the U.S. president wrote. "The new Frontier of Finance is being Built in America, and 'TRUMP' will NEVER let Crypto down!"

Trump's comment comes after the Clarity Act, which aims to create a comprehensive regulatory framework for digital assets, passed the Senate Banking Committeeearlier in May after months of delay. The delays were mainly due to debates between U.S. banking lobby groups and crypto advocates over stablecoin rewards, among other concerns.

Far from done

Despite recent progress, analysts have said the Clarity Act remains far from the finish line. 

Benchmark analyst Mark Palmer noted earlier in May that the legislation will likely need broader Democratic support to become law.

"The Banking Committee's portion of the legislation must now be combined with the parallel market structure bill that the Senate Agriculture Committee advanced in January into a single comprehensive package for floor consideration," said Palmer. "For the bill to secure the 60 votes required to overcome a filibuster [it] will demand substantially more Democratic support."

Researchers at investment bank TD Cowen said earlier this week that the crypto market structure bill is unlikely to pass this year, as recent conflict-of-interest concerns surrounding Trump make the legislation politically harder for Democrats to back.

"It makes it politically hard for a Democrat to back a crypto bill unless it contains conflicts of interest standards that apply to the President," Jaret Seiberg, managing director at TD Cowen's Washington Research Group, said in a note on Tuesday.

Ongoing concerns include the Trump family's involvement in the crypto project World Liberty Financial and prediction market businesses.

At the Senate Banking Committee markup earlier this month, Democratic Sen. Ruben Gallego warned that while he voted to advance the Clarity Act, he would oppose the bill on the Senate floor unless concerns surrounding Trump and his family's crypto-related conflicts of interest are addressed.