Democratic Opposition to Clarity Act Grows in Crypto Bill's Do-or-Die Final Weeks
Senate Democrats are mounting a last-minute push against the Clarity Act, a major crypto bill nearing a crucial Senate vote. Elizabeth Warren urged leadership to add language blocking Trump, his family, and other officials from profiting from crypto, citing reports that Trump made more than $1.2 billion from crypto ventures last year. Other Democrats, including Chris Murphy and Chris Van Hollen, plan to attack the bill for both Trump’s crypto ties and its broader weakening of financial oversight. Supporters say the bill would clarify and regulate crypto markets; critics say it would carve out exemptions from long-standing post–Great Depression financial rules. The measure faces a tight deadline before the August recess and still has unresolved language issues. It needs 60 Senate votes, likely requiring at least seven Democrats. Trump is publicly pressing Congress to pass it.
