GoKawiilSenate stalls Clarity Act on crypto rules, citing Trump family conflicts
The US Senate failed to muster the 60 votes needed to advance the Digital Asset Market Clarity Act, a bill meant to divide crypto oversight between the SEC and CFTC. Democrats blocked the measure over inadequate ethics provisions limiting officials, including President Trump, from profiting off crypto ventures while in office. Bitcoin, Ether, XRP, and Solana all dropped following the vote.
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The failed vote leaves crypto firms without the regulatory clarity they've lobbied for over years and spent hundreds of millions pursuing. With Trump's disclosed crypto income topping $1.4 billion in 2025, concerns over conflicts of interest now directly threaten legislative progress, and with midterms approaching, the bill's chances this session look slim.
- The Clarity Act fell short of the 60 Senate votes needed to advance.
- Disputes over limiting Trump family crypto profits derailed a revised, 600-plus-page compromise bill.
- Crypto prices fell across major tokens as regulatory uncertainty persists heading into the midterms.
Source: techspot.com — Rob Thubron, 2026-09-16
Published there as: “Crypto prices tumble as Senate blocks Clarity Act amid concerns over Trump family's crypto ties”
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