SkyBridge Capital founder Anthony Scaramucci blamed President Donald Trump’s crypto business interests and memecoin launches for costing the CLARITY Act Democratic support. The Senate failed to advance the bill on Sept. 15: a procedural motion received 49 votes in favor and 50 against, short of the 60 required.
Scaramucci called the memecoin activity the “singular reason” the bill did not pass, but also said both sides shared responsibility for a dispute over proposed ethics restrictions on officials’ crypto interests. He said lawmakers wanted stronger restrictions that the White House opposed.
