The White House clearly blamed Senate Democrats after the Crypto Clarity Act was blocked in a 49–50 vote, accusing them of “putting partisan games ahead of American technological dominance.” But the concerns raised over President Donald Trump’s crypto profits and demands for stronger ethics rules also played a major role in the opposition. White House …
Not the banks. Not the stablecoin rewards fight everyone was watching for months. In his first interview since the Senate’s 49-50 vote, the Coinbase CEO pointed somewhere else entirely. Here’s what most people don’t know. The White House actually put a genuine ethics deal on the table. Real restrictions on the president and elected officials …
Bitcoin price action got a reality check this week. On September 14, Santiment Insights described extreme FOMO across the crypto community as bullish narratives surged around expectations for a favorable CLARITY Act outcome. The warning was about euphoria itself, regardless of how the decision eventually turned out. Bitcoin FOMO Collapsed After CLARITY Act Setback The …
A group of seven Senate Democrats, including Gillibrand, Alsobrooks, Booker, Cortez Masto, Warner and Warnock, released a statement saying they “remain committed” to enacting the CLARITY Act, just two days after not a single Democrat voted to advance the bill.
SEC Chairman Paul Atkins thanked everyone involved in pushing the CLARITY Act forward, across the administration, Congress, investors and innovators, while confirming the SEC will move ahead regardless of the bill’s outcome. “I have been unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty for American investors …
Binance co-founder Changpeng Zhao said the CLARITY Act setback will not stop crypto development, arguing that technological progress will continue. Coinbase CEO Brian Armstrong also said the Senate’s failure to advance the bill was disappointing but argued that the SEC and CFTC can create clearer rules under existing authority. Armstrong added that the GENIUS Act …
CLARITY Act is scheduled for 2:15 p.m. ET on September 15. This is a procedural cloture vote, not the final vote on the bill. The Senate needs 60 votes to advance the legislation to floor consideration. If cloture passes, senators can move toward debate and amendments. A separate final-passage vote would come later.
Eight major banking groups are warning that the revised CLARITY Act could create this risk if stablecoin rewards work like bank interest. The banks say the bill’s “circuit breaker” may come too late to stop deposit losses and lending problems. The letter comes ahead of a key Senate procedural vote scheduled for 15 September. Eight …
Connor Brown, Executive Director of the Bitcoin Policy Institute and a former Senate staffer, laid out exactly what’s at stake as the Senate holds a cloture vote today on the CLARITY Act. Republicans control 53 seats, with two possibly sitting out, meaning 7 to 9 Democrats need to cross the aisle to reach the 60 …
Ripple CEO Brad Garlinghouse pushed back Sunday on the idea that the CLARITY Act represents a watered-down compromise, responding to Treasury Secretary Scott Bessent’s public reaffirmation of support for the bill. “This bill isn’t just a compromise, it’s the product of real, substantive trades policymakers made to get here,” Garlinghouse wrote, adding that those trades …
Senate Democrats rejected the latest CLARITY Act draft over ethics concerns, just hours ahead of Tuesday’s crucial cloture vote, according to reports. Democrats argue the new crypto ethics rules still don’t go far enough, even as Republicans have called this their final offer. Democrats are now drafting a counterproposal before the 2:15 PM vote. Sentiment …
The US Senate has officially set Tuesday, 2:15 PM ET, for the CLARITY Act’s cloture vote. Clearing that hurdle requires 60 votes to open formal debate, which can then run for up to 30 hours if approved. Final passage after that would only need a simple majority of 51 votes. The vote marks crypto’s most …
New York Attorney General (AG) Letitia James is leading an 18-state bipartisan coalition, urging the US Congress to vote against the CLARITY Act tomorrow. Attorneys General supporting the motion hail from Washington, California, Arizona, Massachusetts, and New Jersey, among others. In a September 14 letter addressed to the Senate Banking Committee Chairman Tim Scott and …
Senator Cynthia Lummis has released the final version of the CLARITY Act with major new ethics rules and more than 120 demands from Democrats just one day before the crucial September 15 Senate vote. President Trump has also agreed to tougher ethics restrictions, while the odds of the bill passing have jumped to 44%. Key …
Washington is sending mixed signals on the CLARITY Act just over a day before its make-or-break Senate vote, and the disagreement itself is becoming part of the story. Two Conflicting Reports ClaimSourceDetails“Clarity is dead”Renato Mariotti, former federal prosecutorSays multiple members of Congress and staff told him this directly in DCBill is on trackFaryar Shirzad, Coinbase …
Senate Republicans released revised CLARITY Act text Sunday, calling it their “last, best and final” offer to Democrats ahead of Tuesday’s cloture vote. The new language includes a Trump-agreed ethics proposal, described by a GOP aide as accepting roughly 80% of the Tillis-Gallego framework, requiring Trump to either divest substantial crypto holdings or place them …
Senate Majority Leader Chuck Schumer is convening a Democratic caucus meeting Sunday evening to discuss the CLARITY Act ahead of Tuesday’s key procedural vote, according to two people familiar with the closed-door talks. About a dozen Democrats have spent months negotiating on the bill, but three buckets of unresolved issues remain, with no clarity on …
With the Senate vote just days away, Digital Chamber CEO Cody Carbone laid out what happens next if the CLARITY Act fails to pass, and he isn’t sugarcoating the odds of a quick fix. Don’t Expect a Lame-Duck Save Asked whether the bill could still get done in a lame-duck session or early next Congress, …
The CLARITY Act, which now appears increasingly likely to fail, has received a fresh push from one of its key supporters. U.S. Treasury Secretary Scott Bessent is urging lawmakers to move forward with the bill as a key Senate vote approaches. The push comes just days before the September 15 cloture vote. Bessent Pushes Senate …
The word “CLARITY” has been doing rounds on Crypto Twitter for months, one senator promising it’s finally coming, the next going live to declare it dead on arrival. Somewhere between “most important crypto bill in history” and “dead on arrival,” the September 15 deadline is closing in fast. Adrian Wall, Managing Director at the Digital …
Ryan VanGrack, vice chair and head of corporate affairs at Coinbase, said the crypto industry has reached a turning point on the CLARITY Act, with a broader coalition now backing the bill than ever before. “It’s time to stop talking and start voting,” VanGrack said, fresh off meetings in Washington ahead of the Senate’s return …
Senator Cynthia Lummis says the CLARITY Act will not fail over ethics concerns. But the bill could instead fail if Democrats refuse to support what she calls a bipartisan plan for consumer protection.Lummis said Democrats now face a choice: support American innovation and strong consumer protections, or let China take the lead in finance. Democrats …
Former federal prosecutor Renato Mariotti says conversations with lawmakers and congressional staff in Washington left him convinced the bill has lost support, saying that “CLARITY is dead” This comes as the bill faces a key Senate vote on September 15, with a shrinking House calendar and growing doubts over whether it can get enough votes …
The clock is ticking for the Senate on the Digital Asset Market CLARITY Act, with just eight days left to vote on advancing the bill. As the deadline gets closer, Senator Cynthia Lummis has warned that failing to pass it could push the next major chance for crypto market structure rules all the way to …
The National Sheriffs’ Association is moving from opposing the CLARITY Act to a neutral stance, according to Semafor, after months of arguing the bill could hinder illicit finance prosecutions. The shift removes a significant law enforcement objection ahead of the Senate’s expected vote this month. Other points remain unresolved, including proposed restrictions on presidential profits …
Arkansas Congressman French Hill, the original House sponsor of the CLARITY Act and chair of the House Financial Services Committee, said he believes Senate Majority Leader John Thune could have enough votes to pass the bill when it comes up for a procedural vote on September 15 at 3 p.m. Where Things Stand The House …
Ripple CEO Brad Garlinghouse has thrown his support behind the CLARITY Act after President Donald Trump’s White House innovation summit, urging lawmakers to “Let’s Finish the Job.” Meanwhile, his comments come as the bill heads toward a key Senate vote on September 15. Ripple CEO Garlinghouse Pushes for CLARITY Act Responding to CFTC Chairman Mike …
The CLARITY Act has hit another pause as the U.S. House cancels two weeks of September sessions. With this, September 15 became the key vote day for the Senate to advance the CLARITY Act process. The move has raised concerns that the crypto market-structure bill could be pushed past the November midterm elections. House Republicans …
Cody Carbone, CEO of The Digital Chamber, offered a detailed breakdown of what to expect from the Senate’s September 15 vote on the Clarity Act, warning that the date marks the start of a process rather than a final outcome. What September 15 Actually Is Senate Majority Leader John Thune scheduled the vote before the …
39 banking associations in the United States have jointly formed the “BankChain Alliance” to curb their fears of client and capital flight into blockchain-based stablecoins. Banks compete with stablecoins via on-chain banking Initiated by the Texas Banking Association, the consortium represents thousands of community and mid-sized commercial banks looking to develop a 24/7, nationwide, bank-governed …