Why is the US Senate considering the CLARITY Act?

The Digital Asset Market Clarity (CLARITY) Act would create a new regulatory framework for digital assets in the United States. The bill would also shift much of crypto oversight from the US Securities and Exchange Commission to the Commodity Futures Trading Commission.

How would the CLARITY Act change crypto regulation?

The Digital Asset Market Clarity (CLARITY) Act would give the Commodity Futures Trading Commission a larger role in regulating digital assets. The US Securities and Exchange Commission would continue overseeing some parts of the market.

Why did President Donald Trump urge the Senate to pass the CLARITY Act?

President Donald Trump urged the Senate to pass the Digital Asset Market Clarity (CLARITY) Act after Senator Lindsey Graham's death. Trump said Graham supported the legislation and called on lawmakers to approve it.

What are Senate Democrats saying about the CLARITY Act?

Several Senate Democrats said they want stronger conflict-of-interest rules before supporting the Digital Asset Market Clarity (CLARITY) Act. They have raised concerns about public officials' financial ties to the crypto industry.

What happens next with the CLARITY Act?

The US Senate has four weeks before its August recess to consider the Digital Asset Market Clarity (CLARITY) Act. The bill will likely need bipartisan support to reach the 60 votes required for passage.

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Trump urges Senate to pass CLARITY Act

Written by Heidi Cuthbert Published Jul 14, 2026, 12:05 AM

President Donald Trump urged the Senate to pass the CLARITY Act.
Republicans now have a smaller Senate majority after Senator Lindsey Graham's death.
Democrats continue seeking stronger rules on conflicts of interest in crypto.

US President Donald Trump urged the Senate to pass the Digital Asset Market Clarity (CLARITY) Act after Senator Lindsey Graham died on Saturday.

Trump said lawmakers should pass the bill in Graham's honour, calling him a supporter of the legislation.

“Lindsey was a big supporter of the CLARITY Act,” Trump said on Truth Social.

The bill would move much of crypto regulation from the US Securities and Exchange Commission to the Commodity Futures Trading Commission.

Republicans now hold a 51-47 Senate majority, making Democratic support more important to reach the 60 votes needed to pass the bill.

Several Senate Democrats said they will not support the bill unless it includes stronger conflict-of-interest rules linked to public officials and the crypto industry.

The Senate has four weeks before its August recess to decide whether to advance the CLARITY Act.