{"id":34318,"date":"2026-07-13T15:29:53","date_gmt":"2026-07-13T15:29:53","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trump-urges-senate-to-honor-graham-by-passing-clarity-act\/"},"modified":"2026-07-13T15:30:17","modified_gmt":"2026-07-13T15:30:17","slug":"trump-urges-senate-to-honor-graham-by-passing-clarity-act","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trump-urges-senate-to-honor-graham-by-passing-clarity-act\/","title":{"rendered":"Trump urges Senate to honor Graham by passing Clarity Act"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">President Donald Trump has urged the Senate to pass the CLARITY Act in honor of the late Senator Lindsey Graham as lawmakers face a narrowing window before the August recess.<\/p>\n<div id=\"cn-block-summary-block_efb7b06a59c7bd6a10cb38ea41734aed\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Trump has urged the Senate to pass the CLARITY Act in honor of the late Senator Lindsey Graham.<\/li>\n<li>Senate negotiators are racing to finalize a merged draft before Congress begins its August recess.<\/li>\n<li>Ethics disputes over Trump\u2019s crypto business interests continue to complicate the bill\u2019s path forward.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Trump links crypto bill to Graham\u2019s legacy<\/h2>\n<p>In a Truth Social <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/116913128333997026\" target=\"_blank\" rel=\"nofollow\">post<\/a>, President Trump called on senators to pass the CLARITY Act in memory of Senator Lindsey Graham, whom he described as a strong supporter of the legislation. Graham died over the weekend after a brief illness.<\/p>\n<p>While making his appeal, Trump argued that the United States must not lose ground to China in either digital assets or artificial intelligence. He claimed the U.S. is leading in both sectors and warned that China and other countries would like to control what he called a major financial development if Congress fails to act.<\/p>\n<p>The latest appeal adds to Trump\u2019s repeated calls for lawmakers to advance the CLARITY Act, which forms part of his administration\u2019s push to establish the United States as a global center for the crypto industry. As crypto.news previously reported, Senate negotiators are working against a tight legislative calendar before lawmakers leave for their August recess.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Senate staff are expected to release a merged version of the CLARITY Act during the week of July 13. The draft combines proposals from the Senate Banking and Agriculture committees and reportedly adds more than 70 pages, including stronger consumer protections and revisions made during bipartisan negotiations.<\/p>\n<p>White House crypto adviser Patrick Witt also described the current week as critical for the legislation. In a July 13 X post, Witt noted that the week coincides with the first anniversary of the GENIUS Act becoming law and argued that lawmakers have already lost valuable time. He said Congress can no longer afford further delays as work on the crypto framework enters its final stages.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Critical week for Clarity, which also happens to be the one-year anniversary of GENIUS. A reminder of the incredible amount of hard work that has gone into this bill, but also of the time we\u2019ve already lost. We cannot afford to delay any longer.<\/p>\n<p>\u2014 Patrick Witt (@patrickjwitt) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/patrickjwitt\/status\/2076674792241995872?ref_src=twsrc%5Etfw\">July 13, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Ethics dispute remains the biggest hurdle<\/h2>\n<p>Support for the bill continues to run alongside a dispute over ethics rules tied to President Trump\u2019s personal cryptocurrency business interests.<\/p>\n<p>As crypto.news reported last week, Democratic senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden called for congressional hearings into the national security implications of Trump\u2019s crypto holdings before lawmakers move ahead with the CLARITY Act.<\/p>\n<p>According to the senators\u2019 joint statement, Trump\u2019s latest financial disclosure showed that his family\u2019s crypto ventures generated roughly $1.4 billion in income while unidentified outside investors continue to hold interests in the World Liberty Financial project. The lawmakers argued those financial ties deserve closer examination before Congress approves legislation that would reshape U.S. crypto regulation.<\/p>\n<p>Separately, Coinbase Chief Policy Officer Faryar Shirzad recently rejected claims that the CLARITY Act would weaken national security. Shirzad argued that regulatory uncertainty leaves room for bad actors to operate outside clear federal oversight, whereas the proposed legislation would move more crypto activity into a defined compliance framework.<\/p>\n<p>Shirzad added that the bill would require crypto brokers, dealers, and exchanges to comply with Bank Secrecy Act obligations, including anti-money laundering programs, customer identification checks, suspicious activity reporting, sanctions compliance, and procedures allowing platforms to pause suspicious transfers when requested by law enforcement.<\/p>\n<p>He argued these requirements show the legislation imposes stronger safeguards rather than reducing oversight.<\/p>\n<p>Support for the measure also came from Senator Cynthia Lummis, who said Graham believed the United States should remain at the forefront of digital assets. Lummis urged fellow senators to approve the CLARITY Act and send it to President Trump for his signature.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Couldn\u2019t agree more with <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/POTUS?ref_src=twsrc%5Etfw\">@POTUS<\/a>. Senator Graham was a good friend of mine and was passionate about ensuring that American leadership stayed at the forefront of everything \u2013 including digital assets. <\/p>\n<p>Let\u2019s get Clarity passed and to President Trump\u2019s desk. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/F62WwkX4GP\">pic.twitter.com\/F62WwkX4GP<\/a><\/p>\n<p>\u2014 Senator Cynthia Lummis (@SenLummis) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/SenLummis\/status\/2076681816266698983?ref_src=twsrc%5Etfw\">July 13, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has urged the Senate to pass the CLARITY Act in honor of the late Senator Lindsey Graham as lawmakers face a narrowing window before the August recess.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-34318","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\/34318","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=34318"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34318\/revisions"}],"predecessor-version":[{"id":34319,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34318\/revisions\/34319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/32781"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=34318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=34318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=34318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}