Trump’s Apparent Crypto Conflicts Could Sink the CLARITY Act
The measure still lacks support over ethics language and faces a tight Senate calendar, with only a 14% chance of becoming law this year, Polymarket said.
- 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.
15 Articles
15 Articles
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.”
Key Points of the News: Republican Senator Mike Rounds reported that the legislative landscape is not favorable for the vote in the U.S. Senate. Democratic Senator Angela Alsobrooks conditioned her vote favoring the incorporation of stricter ethical clauses. The estimated chances of the initiative becoming more ... Read more
Lummis: CLARITY Act Won’t Fail Over Ethics, Democrats Will Kill It
The post Senator Lummis: CLARITY Act Won’t Fail Over Ethics, But Democrats Could Kill It appeared first on Coinpedia Fintech News Senator Cynthia Lummis says the CLARITY Act will not fail over ethics concerns. But the bill could instead fail if Democrats refuse to support what she calls a bipartisan plan for consumer protection.Lummis said Democrats now face a choice: support American innovation and strong consumer protections, or let China take…
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