Gillibrand privately urges Dems to advance crypto bill

Live updates

1. 7d ago

   Gillibrand Urges Crypto Push While Demanding Trump Meme Coin Ban

   Senator Kirsten Gillibrand is privately pushing Democrats to advance a digital asset bill as federal crypto regulation shapes up in 2026. Gillibrand also renewed her call for a federal ban on meme coins following a windfall of $636 million earned by President Trump from the TRUMP token in 2025. The dual efforts highlight ongoing legislative battles over market structure bills like the CLARITY Act, which previously stalled in the Senate on a 49 to 50 vote. Meanwhile, the Fairshake crypto super PAC network continues targeting 32 House races following the legislative setback.

   Why it matters

   Digital asset policy remains a central flashpoint in Congress as lawmakers debate overarching market structure laws alongside ethics reforms. Gillibrand's push for crypto legislation coincides with targeted campaign spending from outside political action committees across dozens of House races. Debates over federal restrictions on meme coins directly involve concerns regarding public officials, their families, and related ventures.

   What is confirmed

   • Senator Kirsten Gillibrand renewed her demand for a federal ban on meme coins following President Trump earning $636 million from the TRUMP token in 2025.
   • The CLARITY Act crypto market-structure bill stalled in the Senate on a 49 to 50 vote.

   Still unconfirmed

   • Senator Kirsten Gillibrand is privately urging Democrats to advance a crypto bill.

   What to watch next

   • Congressional votes or committee actions on the CLARITY and GENIUS Acts
   • Further Democratic responses to Gillibrand's private push for crypto legislation
   • Legislative proposals regarding federal bans on meme coins for public officials
   Sources used for this update (3)

   1. www.timesofblockchain.com — US Crypto Regulation 2026: What's Next for Digital Assets?
   2. political.org — The CLARITY Act Explained: What the Crypto Bill Would Do and ...
   3. theuntamedtruth.com — Senator Gillibrand Calls for Federal Ban on Trump Meme Coin ...
   confidence 85%
2. 13d ago

   Gillibrand Crypto Advocacy Stokes Ethical Debate

   Senator Kirsten Gillibrand is advancing digital asset policy despite the stall of the CLARITY Act. Her political pivot from progressive politics to digital asset advocacy creates an ethical morass for Democrats. Nate Weisberg reports that Gillibrand set out to regulate the sector and became a top crypto ally. Meanwhile, the broader political arena sees significant campaign spending from the Fairshake crypto super PAC network, which targets 32 House races after the Senate setback of the CLARITY Act.

   Why it matters

   The intersection of digital asset regulation and political financing continues to shape Capitol Hill dynamics. Gillibrand's transformation into a key crypto advocate highlights deep divisions inside the Democratic party regarding industry ties. Campaign finance investments from super PACs further intensify the policy debate as lawmakers eye the upcoming midterm elections to decide the future of digital asset oversight.

   What is confirmed

   • Senator Kirsten Gillibrand set out to regulate crypto and became a key advocate for the industry.
   • The Fairshake crypto super PAC network is directing financial support to 32 House candidates following the Senate defeat of the CLARITY Act.

   Still unconfirmed

   • Gillibrand privately urged Democrats to advance a crypto bill.

   What to watch next

   • Congressional action on digital asset legislation following the stall of the CLARITY Act
   • The outcome of House races targeted by crypto super PAC spending in the midterm elections
   Sources used for this update (7)

   1. cryptobriefing.com — US advances crypto policy despite CLARITY Act stall
   2. nymag.com — Kirsten Gillibrand, Crypto’s Favorite Democrat
   3. www.pwgillibrand.com — Sand & Speciality Aggregate Products | P.W. Gillibrand |...
   4. guavy.com — Gillibrand's Crypto Pivot Raises Ethical Questions for Democrats
   5. www.gillibrand.senate.gov — Press Releases - Kirsten Gillibrand | U.S. Senator for New York
   6. www.gillibrand.senate.gov — Gillibrand Calls For Legislation To Improve Social Security ...
   7. consumerfed.org — Article - Kirsten Gillibrand, Crypto’s Favorite Democrat ...
   confidence 80%
3. 25d ago

   Fairshake PAC Backs 32 House Candidates After Crypto Bill Defeat

   The Fairshake crypto super PAC network is directing financial support to 32 House candidates, including $1 million donations to six individual lawmakers, following the Senate defeat of the CLARITY Act. This political spending effort targets both parties, aiding three Republicans and three Democrats with top-tier allocations. Among the recipients are three prominent House Financial Services panel Republicans, including French Hill of Arkansas. The midterm elections will now determine which lawmakers return to Congress to write digital asset regulations.

   Why it matters

   The collapse of the CLARITY Act left the cryptocurrency industry without its flagship legislation after a 49-50 Senate vote. In response, political action committees have redirected heavy spending toward congressional races to influence future regulatory frameworks. The White House had previously agreed to strict ethics provisions in the legislation regarding digital asset issuance before the cloture vote.

   What is confirmed

   • The CLARITY Act failed in the Senate.
   • Fairshake backed 32 House candidates following the Senate vote.

   Still unconfirmed

   • The White House agreed to ethics language barring public officials from issuing or sponsoring digital assets ahead of a Tuesday procedural vote.
   • Fairshake PAC is giving $1 million each to three Republicans and three Democrats, including French Hill of Arkansas.
   • Stand With Crypto backed a bipartisan slate of House and Senate candidates after the Senate bill failed.

   What to watch next

   • Results of midterm elections determining which lawmakers return to shape crypto regulation
   • Future legislative attempts to split regulatory authority between the CFTC and SEC
   Sources used for this update (4)

   1. congress.net — White House Backs Sweeping Ethics Language In Crypto Clarity ...
   2. www.cnbc.com — Fairshake crypto PAC network backs 32 House candidates in ...
   3. news.bitcoin.com — US Midterms: Stand With Crypto Backs Bipartisan Slate After ...
   4. rollcall.com — Crypto industry PAC gives to 32 House incumbents, on both ...
   confidence 90%
4. 27d ago

   Crypto PACs target Sherrod Brown as CLARITY Act collapses

   The CLARITY Act has collapsed following a 49-50 Senate defeat, leaving the cryptocurrency industry without its flagship legislation. In the wake of the vote, cryptocurrency PACs have spent $30 million against Sherrod Brown. Regulators are now working to reassure industry participants while Sam Bankman-Fried seeks recourse through the Supreme Court. Despite the procedural failure, seven Democratic senators remain committed to advancing the measure, which sought to split regulatory authority between the Commodity Futures Trading Commission and the Securities and Exchange Commission.

   Why it matters

   The CLARITY Act served as an election-year test for the crypto market. Senator Cynthia Lummis attributed the bill's failure to Democratic opposition. The legislation aimed to establish a clear divide in oversight between two federal agencies.

   What is confirmed

   • The Senate defeated the CLARITY Act in a 49-50 vote.
   • Kirsten Gillibrand is the junior United States senator from New York.
   • The CLARITY Act proposed dividing cryptocurrency regulation between the SEC and the CFTC.

   Still unconfirmed

   • Crypto PACs have spent $30 million against Sherrod Brown.
   • Sam Bankman-Fried is attempting to bring his case to the Supreme Court.
   • Regulators are racing to reassure the cryptocurrency industry.

   What to watch next

   • Results of the Supreme Court petition by Sam Bankman-Fried
   • Actions taken by the seven Democratic senators to revive the bill
   Sources used for this update (8)

   1. www.citationneeded.news — Issue 110 – The Clarity Act collapses
   2. en.wikipedia.org — Kirsten Gillibrand - Wikipedia
   3. www.gillibrand.senate.gov — Homepage - Kirsten Gillibrand | U.S. Senator for New York
   4. www.gillibrand.senate.gov — About - Kirsten Gillibrand | U.S. Senator for New York
   5. kirstengillibrand.com — Meet Kirsten | Gillibrand for Senate
   6. www.wamc.org — U.S. Senator Kirsten Gillibrand sees attorney registration...
   7. en.wikipedia.org — Political positions of Kirsten Gillibrand - Wikipedia
   8. simple.wikipedia.org — Kirsten Gillibrand - Simple English Wikipedia, the free...
   confidence 90%
5. 29d ago

   Senate Blocks CLARITY Act as Crypto Fight Continues

   The Senate defeated the CLARITY Act in a 49-50 vote, handing a defeat to the legislation that divides cryptocurrency regulation between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Senator Cynthia Lummis blamed Democrats for the procedural defeat of the bill, which served as an election-year test for the cryptocurrency market. Despite the setback, lawmakers from both parties signaled interest in renewed cryptocurrency talks, and a group of seven Democratic senators pledged to continue pushing the measure.

   Why it matters

   The failed Senate vote represents a significant legislative hurdle for establishing a federal regulatory framework for digital assets. The political struggle involves major financial backing from political action committees targeting lawmakers, alongside broader party divisions over financial ambitions in the crypto space. Republicans previously integrated stricter ethics provisions demanded by Democrats as lawmakers assess the math required for upcoming elections.

   What is confirmed

   • The Senate blocked the CLARITY Act in a 49-50 procedural vote.
   • Senator Cynthia Lummis blamed Democrats for the defeat of the legislation.
   • A group of seven Democratic senators has pledged to continue pushing the CLARITY Act following the failed vote.

   Still unconfirmed

   • Senate Republicans integrated stricter ethics provisions demanded by Democrats into the legislation prior to the vote.

   What to watch next

   • Further announcements regarding renewed cryptocurrency negotiations between lawmakers
   • Decisions by the group of seven Democratic senators on how to reintroduce or advance the regulatory framework
   Sources used for this update (9)

   1. newrepublic.com — The FDA’s Overton Window Problem
   2. newrepublic.com — Why Sherrod Brown Might Beat the Crypto Industry This Time | The New Republic
   3. paulkrugman.substack.com — Will Crypto Crash the Blue Wave? - Paul Krugman
   4. www.unftr.com — The CLARITY Act is Dead (For Now). - unftr.com
   5. defirate.com — CLARITY Act Updates: Senate Vote, Odds of Passing & Timeline
   6. spectrumlocalnews.com — Senate blocks crypto regulation as Democrats push back on ...
   7. crypto.news — CLARITY Act: Lummis blames Democrats after failed vote
   8. coinmarketcap.com — Latest Billions Network News - (BILL) Future Outlook, Trends ...
   9. newrepublic.com — Katie Hobbs Is Holding the Line in Arizona. Now, She’s Under Attack. | The New Republic
   confidence 100%
6. 36d ago

   Democratic Senators Vow to Push CLARITY Act After Senate Defeat

   A group of seven Democratic senators has pledged to continue pushing the CLARITY Act following a failed Senate vote, maintaining efforts to establish a federal regulatory framework for cryptocurrency. Despite the recent setback and internal party divisions, lawmakers are keeping the legislative push alive. Senator Kirsten Gillibrand has previously urged her party to advance the measure, while Senate Republicans have already integrated stricter ethics provisions demanded by Democrats. Meanwhile, the broader political struggle continues as Democrats assess the math required for effective control in upcoming elections.

   Why it matters

   Establishing a federal framework for cryptocurrency has become a high-stakes legislative battle involving ethics negotiations with Donald Trump and sharp internal divisions among Democrats, such as planned criticism from Senator Elizabeth Warren. Passing major financial legislation requires navigating a tightly divided Senate where control hinges on upcoming electoral outcomes. The inclusion of Democratic ethics demands altered the bill text, yet the path forward remains complicated by intra-party resistance.

   What is confirmed

   • A group of Democratic senators announced that a failed Senate vote on the CLARITY Act will not end their efforts to establish a federal framework for cryptocurrency.
   • Seven Democratic senators vowed to keep pushing the legislation after the setback.

   What to watch next

   • Further legislative moves or counteroffers regarding the CLARITY Act by Democratic senators.
   • Official responses from Senate Republicans to the renewed push by the seven Democratic senators.
   Sources used for this update (2)

   1. news.bitcoin.com — 7 Democratic Senators Vow to Keep Pushing CLARITY Act After Setback
   2. ny1.com — Sen. Gillibrand looks at upcoming elections and more
   confidence 100%
7. 45d ago

   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
   Sources used for this update (11)

   1. The Hill — It is now or never for the Clarity Act
   2. Reuters — Senate Republicans' new crypto bill text adds new ethics language
   3. Bloomberg.com — Trump Pushes Crypto Bill, Escalating Industry’s Fight With Banks
   4. The Washington Post — Trump agrees to stricter ethics rules Democrats demanded in crypto bill
   5. CNBC — Warren to rip Clarity Act on Senate floor ahead of key preliminary vote
   6. Fortune — Clarity Act odds soar as Trump approves new ethics provisions for closely watched crypto bill
   7. Politico — Gillibrand privately urges Dems to advance crypto bill
   8. The Hill — Crypto regulation bill faces Senate vote
   9. Yahoo Finance — The Clarity Act Gains Momentum: What you Need to Know
   10. CoinDesk — Democrats send counteroffer to Republicans over Clarity Act provisions
   11. PBS — Republicans say Trump agreed to new ethics rules to get crypto bill across the line
   confidence 90%