- President Donald Trump urged the Senate to pass the Crypto Clarity Act in honor of the late Senator Lindsey Graham.
- The bill aims to provide regulatory clarity between the SEC and CFTC while maintaining U.S. leadership in digital finance.
- Democrats are seeking a provision restricting elected officials from profiting off digital assets, a key sticking point in negotiations.
President Donald Trump is again calling on the Senate to pass the Crypto Clarity Act, a bill that still hangs in the balance on the Senate floor following the death of South Carolina Senator Lindsey Graham. Trump argued the Senate must pass the landmark legislation to honor Graham, who died over the weekend after a sudden illness. “In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act,” Trump said in a post on Truth Social. He warned that China and other countries would like to take control of this major financial development.
The 71-year-old senator did not serve on the two committees involved in drafting the crypto legislation and was primarily focused on foreign policy issues before his passing. However, Graham was a proponent of getting the crypto act approved, something that is high on Trump’s agenda. The Crypto CLARITY Act will provide regulatory clarity to prevent companies from facing contradictory or ambiguous rules from the SEC and CFTC. The act also aims to maintain U.S. leadership in digital finance by creating a framework that encourages domestic blockchain development. The bill passed the House of Representatives in July 2025 and cleared two Senate committees before Memorial Day 2026. Trump has repeatedly urged lawmakers to get the bill across the finish line.
However, his own involvement in the industry has been a key sticking point in negotiations, as Democrats seek a provision restricting elected officials’ ability to profit from digital assets. The passage of this bill would further unlock cryptocurrency’s pathway into traditional finance.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
