CLARITY Act Faces Defeat as Senate Ethics Fight Deepens
- On Tuesday, Senator Thom Tillis warned that the bipartisan CLARITY Act is likely to fail next week unless the White House negotiates on ethics restrictions tied to President Donald Trump's crypto ventures.
- Democrats demand a ban on officials profiting from crypto, directly targeting Trump, who reported over $1 billion in crypto income in 2025 from the family-linked World Liberty Financial and his meme coin.
- A CoinDesk survey found 73% of voters oppose senior government officials holding crypto interests, while Polymarket recently placed the bill's passage odds at roughly 14%, down from over 90%.
- Failure would impact a lobby that spent more than $200 million in 2024 to build influence in Washington. Senator Roger Marshall noted constituents show little interest, stating, "Nobody back home is asking about it."
- The Senate needs 60 votes to clear a filibuster, but time is narrowing after House Republican leaders canceled planned voting weeks in September, leaving little room before midterm elections.
21 Articles
21 Articles
The CLARITY Act Could Face Another Hurdle Over an Ethics Dispute. Why XRP Could Be Hit Harder Than Bitcoin
Senator Tillis just issued a warning that could derail the CLARITY Act before September 15, and if negotiations collapse, XRP holders face a very different kind of fallout than Bitcoin investors.
CLARITY Act faces defeat as Senate ethics fight deepens
The CLARITY Act has moved closer to defeat ahead of its Sept. 15 Senate vote as lawmakers remain divided over presidential ethics rules and stablecoin rewards. CLARITY Act ethics talks remain stalled Semafor reported on Sept. 8 that Republican senators…
Senate Republicans privately bracing for another humiliating defeat
Senate Republicans are privately warning that the chamber's bipartisan cryptocurrency measure, the CLARITY Act, is likely to fail when lawmakers return next week, Semafor reported Tuesday.It would be only the latest embarrassment for a party that controls Washington yet keeps tripping over its own majority. Just last week, House Republican leaders nearly lost a routine floor vote when five conservatives revolted over a stopgap spending deal, and…
Senate Republicans Say Crypto Bill Likely to Fail
“Republican senators are warning that the Senate’s bipartisan cryptocurrency regulatory bill is likely to fail next week when the chamber returns,” Semafor reports. “There’s been little movement on the key Democratic demand, an ethics component governing the president and his family.”
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