Senate Crypto Bill Faces Make-Or-Break Week As Democrats Balk Over Ethics Rules
Democrats say the draft lacks ethics guardrails as negotiators seek 60 votes for a bill that would split crypto oversight between the CFTC and SEC.
- Majority Leader John Thune pushes for a floor vote on the Digital Asset Market Clarity Act, H.R. 3633, before the August recess, targeting the week of July 20 despite competing Senate priorities.
- Democrats oppose the bill, citing the absence of an ethics provision addressing financial ties to the crypto industry, a dispute sharpened by President Trump's July 1 disclosure of approximately $1.4 billion in cryptocurrency income.
- Passage requires 60 votes to overcome a filibuster, and with Republicans holding 53 seats, the bill needs roughly seven Democratic votes, though Senators Chris Murphy, Chris Van Hollen, and Jeff Merkley oppose it.
- Missing the August recess deadline would likely push legislation into 2027, according to policy analysts, leaving crypto market structure regulation unresolved heading into the 2026 midterm campaign.
- The bill would split oversight between the Commodity Futures Trading Commission and the Securities and Exchange Commission, though negotiators must resolve federal preemption and leadership vacancy questions to secure Democratic support.
19 Articles
19 Articles
Revised GOP crypto package doesn’t assuage Democrats’ concerns
Senate Republicans released a revised cryptocurrency regulatory framework bill on Wednesday with an added section intended to address public officials’ potential crypto conflicts of interest. But more work remains to be done before the measure can get to the floor. Democratic negotiators, incensed at President Donald Trump’s wealth being turbocharged by income from his family’s […]
Exclusive: Key Democrat will oppose crypto bill absent stronger ethics language
The NewsSen. Angela Alsobrooks, D-Md., on Wednesday vowed to oppose the Senate’s cryptocurrency regulation bill unless Republicans strengthen its ethics provisions, arguing the latest GOP proposal relies too heavily on the Justice Department.Speaking at Semafor’s World of Work event, Alsobrooks said a draft provision making the DOJ the sole enforcer of ethics restrictions is “wild and unserious and stone crazy.” She argued, instead, that state a…
Senate Crypto Bill Faces Make-Or-Break Week As Democrats Balk Over Ethics Rules
The Senate's landmark crypto regulation bill faces its most critical week yet as Democrats formally oppose the measure over a missing ethics provision, with Majority Leader John Thune targeting a floor vote before the August recess.
U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns
Rep. French Hill urged the Senate to vote on the CLARITY Act before the August recess, arguing the bill would establish a transparent crypto market framework that addresses ethics concerns surrounding President Trump’s digital asset ventures. Rep. French Hill wants a deadline. One year after the House passed the Digital Asset Market CLARITY Act, the Arkansas Republican who chairs the House Financial Services Committee used a Fox Business interv…
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