- Caitlin Long links Trump family crypto ventures to heightened difficulty in passing a key regulatory bill.
- The fate of the CLARITY Act in the Senate is currently a “coin flip,” according to Long.
- Without congressional legislation, crypto rules could be easily reversed by future presidential administrations.
Custodia Bank CEO Caitlin Long said at ETH Denver on Wednesday that crypto-associated controversy with President Donald Trump‘s family has complicated passage of the CLARITY Act. Consequently, she described the bill’s chances in the Senate as uncertain.
Long claimed that recent Trump-linked meme coins and other crypto ventures have made bipartisan support harder to secure. She directly referenced Wyoming Senator Cynthia Lummis, who has reportedly said these activities made her job more difficult.
The CLARITY Act, introduced in May 2025, seeks to create a comprehensive U.S. regulatory framework for digital assets. However, it has been delayed in the Senate due to ongoing disputes over DeFi and stablecoin provisions.
Long emphasized that regulation achieved solely through agency rulemaking lacks permanence. “When a new administration comes in, those rules can be reversed,” she warned.
She specified that Democratic opposition, particularly from Senator Elizabeth Warren, has become a significant hurdle. The bill requires 60 votes for cloture, needing support from at least seven Democrats.
Despite the political challenges, Long pointed to bipartisan collaboration from Senators Lummis and Kirsten Gillibrand as a positive sign. Still, ethical concerns surrounding the Trump family’s crypto involvement remain a major sticking point.
Regarding the current market downturn, Long encouraged industry newcomers to use this time for education. “Bear markets are the best time to get self-educated,” she advised attendees.
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