Trump’s memecoin ventures derailed CLARITY Act, Scaramucci says
Summary
Anthony Scaramucci said President Donald Trump’s crypto businesses and memecoin launches weakened Democratic support for the CLARITY Act, while disputes over ethics restrictions also contributed to its failure. A Sept. 15 Senate procedural vote drew 49 votes in favor and 50 against, short of the 60 needed to advance the bill, which aimed to create a federal digital-asset regulatory framework. Scaramucci said the White House opposed stronger limits on officials’ crypto interests and assigned responsibility to both parties. He also said SEC policy under Chair Paul Atkins could accelerate tokenization, though it remains unclear whether adoption will become entrenched before the next administration.
