identified<\/a> the ethics provision as the CLARITY Act\u2019s most consequential unresolved issue heading to the Senate floor. Republicans hold 53 seats and need 60 votes to clear a filibuster, meaning at least seven Democrats must vote yes.<\/p>\nSenator Kirsten Gillibrand, a Democrat who has backed crypto regulation, told audiences at Consensus Miami 2026 that the bill will not move without an ethics clause. \u201cThis provision will be part of this bill, or it will not go forward,\u201d she said. \u201cBecause we cannot let greed and corruption in Washington tear this industry down, and without that provision, that\u2019s exactly what will happen.\u201d<\/p>\n
Ethics impasse sets up the bill\u2019s hardest vote<\/h2>\n
The CLARITY Act\u2019s 309-page draft contains no conflict of interest language because such provisions fall outside the Senate Banking Committee\u2019s jurisdiction. Democrats have pointed to Trump family involvement in World Liberty Financial and the TRUMP memecoin as the driving concern. <\/p>\n
<\/p>\n
The Van Hollen amendment that would have blocked senior government officials from holding crypto business interests was voted down 11 to 13 in committee.<\/p>\n
The White House has been explicit. Crypto adviser Patrick Witt said ethics rules should apply \u201cacross the board, from the president all the way down to the brand new intern on Capitol Hill,\u201d but that language singling out a specific officeholder is unacceptable.<\/p>\n
Cody Carbone, who heads the Digital Chamber, told reporters a deal will almost certainly be required before the bill reaches the floor. \u201cI imagine the deal will be completed before this goes to the floor, because they\u2019ll want to only bring it to the floor if they feel confident they\u2019ve got 60,\u201d he said.<\/p>\n
As crypto.news tracked, both Democrats who voted yes in committee \u2014 Gallego and Alsobrooks \u2014 framed their votes as conditional on further ethics progress. Crypto.news also noted that banking trade groups continue to oppose the stablecoin yield compromise, adding pressure from multiple directions. <\/p>\n
The Senate must resolve the ethics fight, law enforcement concerns and banking objections before a floor vote. As Coinbase warned at Consensus Miami, bipartisan backing is non-negotiable and the window before the August recess is narrowing fast.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY Act reaching 60 Senate votes. Summary The CLARITY Act needs 60 Senate votes to overcome a…<\/p>\n","protected":false},"author":1,"featured_media":28822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28821"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28821\/revisions"}],"predecessor-version":[{"id":28823,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28821\/revisions\/28823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/28822"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}