White House · Donald Trump · CLARITY Act · SEC · US Senate · CryptoSlate
Crypto lobbies launch a last-minute TV campaign against banks to pass the CLARITY Act
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The crypto industry is launching a seven-figure national advertising campaign to rescue the CLARITY Act ahead of a crucial Senate vote next week.
Key facts
- The Senate is scheduled to vote Sept. 15 on whether to invoke cloture on a motion to proceed to the Digital Asset Market Clarity Act, a procedural hurdle requiring 60 votes
- The Cedar Innovation Foundation, a 501(c)(4) nonprofit linked to the Fairshake super PAC network, is launching a seven-figure cable advertising campaign across three spots aimed at building support
- The measure would establish federal rules for digital-asset markets and divide oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)
- Mike Rounds and Thom Tillis reportedly said the bill's prospects have deteriorated as Democrats and the White House remain divided over ethics restrictions governing President Donald Trump
Summary
01 Crypto’s political network launched a seven-figure ad campaign ahead of the Senate’s Sept. 15 cloture vote on the CLARITY Act. 02 The bill would establish federal digital-asset market rules and divide oversight between the SEC and CFTC, but needs 60 votes to advance. 03 Ethics disputes involving Trump’s crypto interests threaten support, while the shrinking congressional calendar could delay action beyond the midterms. The Senate is scheduled to vote Sept. 15 on whether to invoke cloture on a motion to proceed to the Digital Asset Market Clarity Act, a procedural hurdle requiring 60 votes.