Trump Family Ties Complicate CLARITY Act’s Senate Prospects
- Caitlin Long, CEO of Custodia Bank, claims Trump-linked crypto activities are hindering the passage of the CLARITY Act.
- The bill aims to establish a regulatory framework for digital assets, dividing oversight between the SEC and CFTC.
- Introduced in May 2025, it passed the House in July but faces delays in the Senate due to disputes over DeFi and stablecoin provisions.
- Long notes that controversy involving Trump-associated meme coins has complicated bipartisan support for the bill.
- Senators Cynthia Lummis and Kirsten Gillibrand show bipartisan support for crypto legislation despite challenges.
The CLARITY Act’s future remains uncertain as it struggles to gain traction in the Senate amid controversies linked to President Trump’s family and disagreements on DeFi regulations. Without legislative action, Long warns that crypto regulation could be reversed by future administrations.
The bill needs seven more Democratic votes to pass, with opposition notably from Senator Elizabeth Warren against Trump-related crypto activities (Source).
