Donald Trump · Republicans · US Senate · Cointelegraph
Donald Trump invokes US senator’s death to push crypto bill
Compiled by KHAO Editorial — aggregated from 6 sources. See llms.txt for citation guidance.
✓ KHAO Verified
With the death of Senator Lindsey Graham and another senator hospitalized, Republicans’ current majority in the chamber has been reduced to 51-47, likely requiring more Democratic support to pass crypto market structure.
Key facts
- Last week, five Senate Democrats asked lawmakers to address Trump’s 2025 financial disclosure, in which he reported earning about $1.4 billion connected to crypto ventures
- With the death of Graham and Senator Mitch McConnell hospitalized, Republicans’ current majority in the Senate has been reduced to 51-47, likely requiring additional support from Democrats to meet
- With the death of Senator Lindsey Graham and another senator hospitalized, Republicans’ current majority in the chamber has been reduced to 51-47, likely requiring more Democratic support to pass
- The crypto market structure bill is expected to shift much of the authority for enforcing digital asset regulation and oversight from the US Securities and Exchange Commission (SEC) to the Commodity
Summary
US President Donald Trump is urging members of the Senate to pass the Digital Asset Market Clarity (CLARITY) Act “in honor of” Senator Lindsey Graham, who died over the weekend. In a Monday Truth Social post, Trump said that Graham had been “a big supporter” of the CLARITY Act, calling on the Senate to pass the legislation. Graham, a South Carolina lawmaker who worked in the Senate since 2003, did not serve on the banking committee or agriculture committee in the current session of Congress, and did not cast any vote advancing the CLARITY Act.