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Trump urges Senate to pass crypto bill in honor of Graham

The bill cleared the Senate Banking Committee 15-9 in May, but Democrats want stronger ethics safeguards before final passage.

  • On Monday, President Donald Trump urged the Senate to pass the Clarity Act, dedicating the cryptocurrency legislation to the late Senator Lindsey Graham, who died at 71 over the weekend.
  • The Senate Banking Committee approved the bill 15-9 in May, with backing from the White House and major crypto players including Coinbase, Circle, and Ripple seeking regulatory certainty.
  • Banking organizations oppose the measure, warning it could reduce traditional deposits, while Democrats push for stricter ethics guardrails for elected officials like Trump, who holds digital currency interests.
  • Graham's death complicates the passage of key legislation, as his absence combined with Sen. Mitch McConnell's illness reduces the effective Senate Republican majority to 51 seats.
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CNBC broke the news in Englewood Cliffs, United States on Monday, July 13, 2026.
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