Senate is to vote on cryptocurrency regulation as Democrats push back on Trump investments
The 49-50 vote stalled an industry-backed crypto framework as Democrats said it lacked safeguards to curb presidential profit from digital assets.
- On September 15, 2026, the Senate failed to advance the CLARITY Act, with a 49-50 procedural vote falling short of the 60 votes required, stalling regulatory efforts for the $2.3 trillion cryptocurrency market.
- Democratic senators withheld support, arguing proposed ethics safeguards failed to prevent President Donald Trump from profiting from his crypto ventures, citing his disclosed $1.4 billion in earnings last year.
- Banking trade groups opposed the bill, arguing that language regarding stablecoin rewards remained too loose and could allow digital assets to compete unfairly with bank deposits, threatening community lending.
- The Securities and Exchange Commission and Commodity Futures Trading Commission retain authority, continuing to shape policy through existing rules and interpretations while businesses face ongoing regulatory uncertainty.
- Prospects for reviving the legislation remain uncertain with the Senate out of session until after the November midterm elections, as shifting political majorities could significantly alter future digital asset regulation.
182 Articles
182 Articles
2026 was not exactly the year of Bitcoin. But the situation has been improving for weeks. Politics does not change that either.
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Coinbase shares jumped more than 11% on Sept. 18. The stock closed at $194.25. Bitcoin climbed above $80,000 the same day. Other crypto-linked names followed. Strategy rose over 13%. Robinhood gained nearly 9%. But the price action told only part of the story. Two days earlier the Senate had blocked the CLARITY Act. That bill would have created a comprehensive federal framework for digital assets. Its failure sent Coinbase down as much as 10% ea…
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