One paragraph is standing between the CLARITY Act and a Senate floor vote, and Trump personally called advisers in Friday to argue about it. Two days later, per Politico, that paragraph hasn't changed.
The Senate holds a cloture vote Tuesday, September 15, at 2:15pm Eastern, on the motion to proceed to H.R. 3633, the Digital Asset Market CLARITY Act. Cloture needs 60 votes, Republicans hold 53, meaning at least seven Democrats have to cross over. The sticking point is narrow but consequential, ethics language barring officials and spouses from issuing digital assets, but as drafted, exempts their children, with a sunset clause ending in 2029.
Democrats, including Elizabeth Warren and Adam Schiff, have flagged this as insufficient given Trump family crypto interests reportedly worth around $2.3 billion.
What's actually happened is limited. Trump met advisers Friday, no new text followed, nobody's confirmed who attended or what was discussed, and neither the White House nor Senate negotiators have issued a readout. Patrick Witt, the White House's crypto policy adviser, hasn't said what changed either.
My honest read: this is the same conflict that's stalled CLARITY for months, a sitting president negotiating ethics rules meant to govern his own family's crypto exposure, now compressed into a weekend before a real deadline. Senator Tillis put it plainly, without White House movement here, this fails.
Where I'd push back on assuming this resolves cleanly either way: Tuesday's vote is procedural, not final passage, and a closed door meeting producing no visible text change in two days isn't strong evidence a deal is close, or that talks have collapsed.
What I'm watching: whether any revised language actually surfaces before Tuesday, and whether seven Democrats are willing to move on the current draft as is.
$BTC #BTC Price Analysis# #CLARITYAct $XRP
The Senate holds a cloture vote Tuesday, September 15, at 2:15pm Eastern, on the motion to proceed to H.R. 3633, the Digital Asset Market CLARITY Act. Cloture needs 60 votes, Republicans hold 53, meaning at least seven Democrats have to cross over. The sticking point is narrow but consequential, ethics language barring officials and spouses from issuing digital assets, but as drafted, exempts their children, with a sunset clause ending in 2029.
Democrats, including Elizabeth Warren and Adam Schiff, have flagged this as insufficient given Trump family crypto interests reportedly worth around $2.3 billion.
What's actually happened is limited. Trump met advisers Friday, no new text followed, nobody's confirmed who attended or what was discussed, and neither the White House nor Senate negotiators have issued a readout. Patrick Witt, the White House's crypto policy adviser, hasn't said what changed either.
My honest read: this is the same conflict that's stalled CLARITY for months, a sitting president negotiating ethics rules meant to govern his own family's crypto exposure, now compressed into a weekend before a real deadline. Senator Tillis put it plainly, without White House movement here, this fails.
Where I'd push back on assuming this resolves cleanly either way: Tuesday's vote is procedural, not final passage, and a closed door meeting producing no visible text change in two days isn't strong evidence a deal is close, or that talks have collapsed.
What I'm watching: whether any revised language actually surfaces before Tuesday, and whether seven Democrats are willing to move on the current draft as is.
$BTC #BTC Price Analysis# #CLARITYAct $XRP
