Story perspectives

Trump Urges CLARITY Act Amid Senate Deadlock, Crypto Ethics Clash

7/15/2026

Summary

Trump Pushes CLARITY

U.S. President Donald Trump urged the Senate on July 13, 2026 to pass the CLARITY Act.
Sen. Lindsey Graham (R-SC) died Saturday, cutting the Republican margin to 51-47 and keeping the 60-vote cloture threshold unmet.
Sen. Elizabeth Warren and Democrats demand an ethics clause barring officials and families from crypto profits, which the draft omits, while President Donald Trump disclosed $1.4 billion in crypto earnings.

Summary

Selig Warns Crypto

CFTC Chairman Mike Selig warned reliance on blockchain enforcement threatens leadership in crypto and AI.
Independent Community Bankers of America launched an ad campaign opposing crypto regulation.
National Organization of Black Law Enforcement Executives (NOBLE) endorsed the CLARITY Act to improve tools against financial crime.
Solana Policy Institute President Kristin Smith expressed confidence a passage path exists, while Galaxy Digital researcher Alex Thorn estimated about 50% odds given the calendar.

Summary

Trump Collusion Ruling

Judge ruled July 13, 2026 that President Donald Trump and the DOJ colluded in a $1.776 billion anti-weaponization settlement, a “hook” where parties were never truly adverse.
The ruling came the same day Trump urged the Senate to pass the Clarity Act and warned that China and nations seek control of “happenings” and AI.
The judge’s finding adds a legal dimension to Trump’s broader financial controversies separate from the crypto bill.

History

Historical Context

On March 18 2013 FinCEN issued its first guidance treating bitcoin and other virtual currencies as money-services businesses, forcing dozens of U.S. exchanges to register under the Bank Secrecy Act. That guidance extended BSA rules to virtual currencies and now underlies President Trump’s call for the CLARITY Act, while Democrats seek added ethics safeguards.

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Trump Pushes CLARITY

U.S. President Donald Trump urged the Senate on July 13, 2026 to pass the CLARITY Act.
Sen. Lindsey Graham (R-SC) died Saturday, cutting the Republican margin to 51-47 and keeping the 60-vote cloture threshold unmet.
Sen. Elizabeth Warren and Democrats demand an ethics clause barring officials and families from crypto profits, which the draft omits, while President Donald Trump disclosed $1.4 billion in crypto earnings.

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