White House · China · Donald Trump · US Senate · CLARITY Act · US Congress · Bitcoin Magazine
‘Don’t Let China Win’: President Trump Presses Senate on Clarity Act in Final Stretch
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President Trump urged the Senate to pass the CLARITY Act before the August recess as lawmakers face a narrowing window and unresolved political hurdles.
Key facts
- It cleared the House in July 2025 by a bipartisan 294–134 vote and advanced out of the Senate Banking Committee in May by a 15-9 margin, with two Democrats joining all Republicans
- Others are wary: Galaxy Digital cut its passage odds to 50-50, citing the shrinking calendar and competing priorities like the NDAA
- Complicating the math, the death of Senator Lindsey Graham (R-SC) and the continued absence of Mitch McConnell (R-KY) leave Republicans with almost no room for error in reaching 60 votes
- The Senate returns to Washington on July 13, with the clock running down on the most consequential piece of crypto legislation in years
Summary
The Senate returns to Washington on July 13, with the clock running down on the most consequential piece of crypto legislation in years. President Trump weighed in directly on Monday, posting on Truth Social that “in honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act” and warning that China and other countries “would like to take complete and total control of this major financial ‘happening,'” as well as A.the reporter. White House crypto adviser Patrick Witt amplified the urgency, noting the critical week coincides with the one-year anniversary of the GENIUS Act and cautioning, “We cannot afford to delay any longer.” This is a window many policy watchers see as the last realistic chance to enact comprehensive digital-asset market structure legislation this Congress.