Gillibrand privately urges Dems to advance crypto bill
The Clarity Act crypto bill is gaining momentum for a Senate vote after Donald Trump agreed to stricter ethics provisions demanded by Democrats. While Senate Republicans have integrated this new ethics language into the bill text, the legislation faces internal Democratic opposition, including planned criticism from Senator Elizabeth Warren. Senator Kirsten Gillibrand is privately urging her party to advance the bill, while Democrats have issued a counteroffer to Republicans regarding specific provisions.
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- ✓ Donald Trump agreed to stricter ethics rules demanded by Democrats for the crypto bill.
- ✓ Senate Republicans added new ethics language to the crypto bill text.
- ✓ The Clarity Act is facing a Senate vote.
What changed
Donald Trump agreed to Democratic demands for stricter ethics rules in the bill text.
Live updates
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Trump accepts ethics rules as Clarity Act nears Senate vote
The Clarity Act crypto bill is gaining momentum for a Senate vote after Donald Trump agreed to stricter ethics provisions demanded by Democrats. While Senate Republicans have integrated this new ethics language into the bill text, the legislation faces internal Democratic opposition, including planned criticism from Senator Elizabeth Warren. Senator Kirsten Gillibrand is privately urging her party to advance the bill, while Democrats have issued a counteroffer to Republicans regarding specific provisions.
Why it matters
The legislation aims to regulate the cryptocurrency industry and has intensified conflicts between the sector and traditional banks. The inclusion of ethics rules was a primary hurdle for Democratic support.
What is confirmed
- Donald Trump agreed to stricter ethics rules demanded by Democrats for the crypto bill.
- Senate Republicans added new ethics language to the crypto bill text.
- The Clarity Act is facing a Senate vote.
Still unconfirmed
- Democrats have sent a counteroffer to Republicans regarding Clarity Act provisions.
What to watch next
- The result of the preliminary Senate vote on the Clarity Act
- The response of Republicans to the Democratic counteroffer
confidence 90%Sources used for this update (11)
- The Hill — It is now or never for the Clarity Act
- Reuters — Senate Republicans' new crypto bill text adds new ethics language
- Bloomberg.com — Trump Pushes Crypto Bill, Escalating Industry’s Fight With Banks
- The Washington Post — Trump agrees to stricter ethics rules Democrats demanded in crypto bill
- CNBC — Warren to rip Clarity Act on Senate floor ahead of key preliminary vote
- Fortune — Clarity Act odds soar as Trump approves new ethics provisions for closely watched crypto bill
- Politico — Gillibrand privately urges Dems to advance crypto bill
- The Hill — Crypto regulation bill faces Senate vote
- Yahoo Finance — The Clarity Act Gains Momentum: What you Need to Know
- CoinDesk — Democrats send counteroffer to Republicans over Clarity Act provisions
- PBS — Republicans say Trump agreed to new ethics rules to get crypto bill across the line
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