Story perspectives

Senate to Vote on Clarity Act Tuesday Amid Crypto Ethics Fight

By Drooid · Sep 14, 2026, 10:02 PM UTC · How we work

Center

Senators reject crypto bill

The U.S. Senate will hold a preliminary vote on the Clarity Act on Tuesday.
President Donald Trump has agreed to ethics provisions that bar officials from issuing crypto and permit state attorneys general to enforce the law.
Senators Angela Alsobrooks and Chris Van Hollen said they will not back the bill, which cleared the Senate Banking Committee in May but remains stalled as leaders seek the 60 votes needed.

Left

Divestiture loophole persists

The U.S. Senate will hold a preliminary vote on the Clarity Act on Tuesday.
Democratic senators argue the bill’s bans on officials, spouses and judges fail to curb President Donald Trump’s crypto conflicts, urging tougher divestiture and enforcement rules.
Sen. Thom Tillis said the bill still fails to prevent President Donald Trump’s crypto conflicts.
The revised draft requires officials to divest or place crypto holdings in a blind trust.

Blindspot

The revised Clarity Act draft adds a Treasury “circuit breaker” that would curb stablecoin rewards if a substantial outflow of deposits from community banks is detected.
Within this story's sources, this angle appears mainly in Center-leaning coverage and receives less attention in Left-leaning coverage.

History

Historical Context

FinCEN’s March 2013 guidance classified cryptocurrency exchangers and administrators as money-service businesses, forcing registration under the Bank Secrecy Act. That rule generated over 1.1 million suspicious-activity reports in 2021, a sharp increase from prior years. Building on this foundation, Senators Elizabeth Warren, Chris Van Hollen and Roger Tillis now propose a Treasury “circuit-breaker” to limit stable-coin rewards, echoing the 2013 regulatory model.

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Senators reject crypto bill

The U.S. Senate will hold a preliminary vote on the Clarity Act on Tuesday.
President Donald Trump has agreed to ethics provisions that bar officials from issuing crypto and permit state attorneys general to enforce the law.
Senators Angela Alsobrooks and Chris Van Hollen said they will not back the bill, which cleared the Senate Banking Committee in May but remains stalled as leaders seek the 60 votes needed.

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