Donald Trump · CLARITY Act · US Senate · Cointelegraph
While Congressman Thanedar confirms he supports the bill in its current form
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Chassé says the problem has moved beyond the technical drafting of crypto policy and is now centered on President Trump’s crypto interests and the ethics provisions around them: Republicans had already made 126 substantive changes requested by Democrats ahead of Tuesday’s vote, including tighter restrictions on…
Key facts
- Low doesn’t mean impossible, and the crypto industry has a precedent in the Guiding and Establishing National Innovation in US Stablecoins (GENIUS) bill, which failed cloture 48-49 in May 2025
- The Crypto Council for Innovation (CCI)’s director of US federal affairs, Ryan Eagan, tells Magazine
- Strategy executive chairman Michael Saylor also pointed out that the SEC, CFTC and Treasury could continue to advance rules under existing laws
- There’s still a chance for the digital asset market structure bill to scramble together the 60 votes it needs to clear the Senate
Summary
CLARITY isn’t dead after failing a key Senate vote, but with time running short and Democrats still demanding changes, its path forward is narrowing. Water, water everywhere and not a drop to drink may be the sentiment of the crypto industry, lobbyists and lawmakers who’ve spent the last year trying to get the CLARITY Act over the line. No shortage of negotiations, amendments or political wrangling; yet not enough to get the bill moving through the Senate. The CLARITY Act may have rammed into a Senate-shaped hurdle this week, but it isn’t dead on arrival yet, let’s go with walking wounded. There’s still a chance for the digital asset market structure bill to scramble together the 60 votes it needs to clear the Senate.