$AKE $H $G On Tuesday in the U.S. (east), the “Clear Act” pushed by President Trump failed to clear the 60-vote threshold in a procedural vote in the U.S. Senate, with 50 votes in favor and 49 against. As a result, the bill has stalled in Congress, dealing a severe blow to efforts to establish a comprehensive regulatory framework for the crypto industry.
In the vote, all Democratic senators and a handful of Republicans opposed it. Democrats were dissatisfied that Republicans did not meet the stated requirements for ethical standards, especially regarding how Trump and his family profit from the crypto business. Key negotiator Garreco said the original compromise plan could have won Democratic support, but the Republicans “care more about ensuring the president keeps making money than truly advancing regulation,” leading to the system’s failure.
Trump had agreed to stronger restrictions on conflicts of interest, including allowing senior public officials to dispose of crypto holdings or manage major crypto interests through blind trusts, and giving state attorneys general enforcement authority. But Warren demanded that the coverage include the president, vice president, legislators, senior officials, and immediate family members, arguing that limiting only the issuance of new tokens is not enough. Disclosure documents show that in 2025 Trump reported income from the crypto business of about $1.4 billion, while World Liberty Financial contributed more than $500 million. The White House said Trump does not take part in day-to-day decision-making for the family businesses run by his son.
The bill is seen as the most systematic attempt at crypto legislation in recent years, aiming to provide clear rules for banks, broker-dealers, and asset managers participating in digital assets. Failure to pass it extends the regulatory vacuum, while compliance, capital allocation, and institutional uncertainty increase. The market then plunged: Bitcoin fell more than 5% at one point, Ethereum dropped more than 8%, and within 24 hours, 115716 people worldwide were liquidated/forced out. #美联储加息是否已成定局 #Polymarket上CLARITY法案立法几率减半 #贝森特支持CLARITY法案终稿
In the vote, all Democratic senators and a handful of Republicans opposed it. Democrats were dissatisfied that Republicans did not meet the stated requirements for ethical standards, especially regarding how Trump and his family profit from the crypto business. Key negotiator Garreco said the original compromise plan could have won Democratic support, but the Republicans “care more about ensuring the president keeps making money than truly advancing regulation,” leading to the system’s failure.
Trump had agreed to stronger restrictions on conflicts of interest, including allowing senior public officials to dispose of crypto holdings or manage major crypto interests through blind trusts, and giving state attorneys general enforcement authority. But Warren demanded that the coverage include the president, vice president, legislators, senior officials, and immediate family members, arguing that limiting only the issuance of new tokens is not enough. Disclosure documents show that in 2025 Trump reported income from the crypto business of about $1.4 billion, while World Liberty Financial contributed more than $500 million. The White House said Trump does not take part in day-to-day decision-making for the family businesses run by his son.
The bill is seen as the most systematic attempt at crypto legislation in recent years, aiming to provide clear rules for banks, broker-dealers, and asset managers participating in digital assets. Failure to pass it extends the regulatory vacuum, while compliance, capital allocation, and institutional uncertainty increase. The market then plunged: Bitcoin fell more than 5% at one point, Ethereum dropped more than 8%, and within 24 hours, 115716 people worldwide were liquidated/forced out. #美联储加息是否已成定局 #Polymarket上CLARITY法案立法几率减半 #贝森特支持CLARITY法案终稿
