Unf*cking The Republic The CLARITY Act is Dead (For Now).
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Sep 25, 2026 The CLARITY Act stalls in the Senate after crypto lobby pressure and last-minute Democratic resistance. The discussion explores proposed ethics rules surrounding Trump’s crypto ventures, banks’ fears of stablecoin-driven deposit flight, and the broader legislative push favoring private digital money. It closes with the bill’s defeat as a rare setback for crypto deregulation and Trump’s financial ambitions.
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CLARITY Failed Before Senate Debate
- The Senate rejected cloture on CLARITY, so it never reached a vote on the bill itself.
- Republicans needed seven Democratic votes beyond their 53 seats but secured none.
Gillibrand Could Not Rally Democratic Votes
- Kirsten Gillibrand continued privately urging Democrats to advance CLARITY until the vote.
- Warner, Booker, Warnock, Gallego, Brooks, and Cortez Masto also refused to join the Republican negotiating bloc.
Trump’s Crypto Empire Drove The Ethics Fight
- Democrats opposed ethics language that could protect Trump’s crypto interests and those of his family.
- They sought bans covering existing assets like USD1, dependent children, and enforcement by state attorneys general.