U.S. President Donald Trump said in a Truth Social post that the Senate should pass the "Crypto Clarity Act" in honor of South Carolina Senator Lindsey Graham, who he said died of illness over the weekend. Trump argued that advancing the bill would help keep countries including China from controlling the cryptocurrency and artificial intelligence sectors.
The legislation is designed to clarify regulatory authority between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, while reducing the risk that companies face conflicting rules. According to the report cited by Techub from watcher.guru, the bill passed the House in July 2025 and cleared two Senate committees before Memorial Day in 2026.
The report added that the measure would open a wider path for crypto to enter traditional finance. At the same time, negotiations remain stuck on a key issue: Democrats want provisions that would restrict elected officials from profiting from digital assets.
U.S. President Donald Trump said in a Truth Social post that the Senate should pass the "Crypto Clarity Act" in honor of South Carolina Senator Lindsey Graham, who he said died of illness over the weekend.
Trump said the bill should move forward to prevent countries including China from controlling the cryptocurrency and artificial intelligence sectors.
The measure is intended to provide clearer regulatory boundaries for the U.S. Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, and to prevent companies from being caught between conflicting rules.
According to Techub, citing watcher.guru, the bill passed the House in July 2025 and later cleared two Senate committees before Memorial Day in 2026.
The report said the legislation would create a broader route for crypto to enter traditional finance. But Democrats are seeking provisions that would bar elected officials from profiting from digital assets, and that issue has become a central obstacle in the negotiations.
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