Story perspectives

Senators Stall CLARITY Act Over Trump Token Ethics Rule

4/29/2026

Summary

Senators Stall

CLARITY Act debate stalled because Senators Ruben Gallego (D-AZ) and Thom Tillis (R-NC) demand an ethics rule barring president and employees from sponsoring digital assets.
The rule would target U.S. President Donald Trump’s $TRUMP token, about $2.65, over 95% below its high.
Bitcoin fell to $76,998.51, volume up 120% to $40 billion, liquidations up 3,600% to $107.1 million, and Senate Banking Committee missing its April markup, leaving 2026 passage odds near 50%.

Summary

Trump Crypto Conference

U.S. President Donald Trump held a crypto conference at Mar-a-Lago on April 26, 2026 for 297 holders.
The Trump family earned $1 billion from crypto sales, including $336 million from meme-coin deals in H1 2025.
2026 contest winners hold about $29 million of $TRUMP, down from $148 million in 2025.
The conference caused an 11% sell-the-news drop, pushing $TRUMP toward $1.5 support.
The conference unveiled the “Trump Billionaires Club” game, slated for May 2026.

History

Historical Context

In 2017, the U.S. Securities and Exchange Commission issued its landmark ICO report, warning of fraud and prompting nationwide enforcement actions. That year the agency levied $1.5 billion in penalties, citing roughly 2,000 deceptive token offerings from firms like Ripple Labs and the DAO. Senators Ruben Gallego and Thom Tillis now echo the SEC’s stance, targeting President Donald Trump’s $TRUMP token, now $2.65 after a 95% plunge. The parallel suggests forthcoming congressional ethics rules could curb political crypto schemes, mirroring the 2017 crackdown’s long-term market impact.

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Senators Stall

CLARITY Act debate stalled because Senators Ruben Gallego (D-AZ) and Thom Tillis (R-NC) demand an ethics rule barring president and employees from sponsoring digital assets.
The rule would target U.S. President Donald Trump’s $TRUMP token, about $2.65, over 95% below its high.
Bitcoin fell to $76,998.51, volume up 120% to $40 billion, liquidations up 3,600% to $107.1 million, and Senate Banking Committee missing its April markup, leaving 2026 passage odds near 50%.

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