Trump urges Senate to pass crypto bill 'Clarity Act' to honor Lindsey Graham

Former President Donald Trump has called on the Senate to swiftly pass the "Clarity Act," a proposed cryptocurrency regulation bill, stating it would honor the late Senator Lindsey Graham. Trump posted on his Truth Social platform that the Senate should approve the legislation, warning that China and other nations aim to dominate this financial sector and artificial intelligence, where the U.S. currently leads.

The bill passed the House of Representatives on July 17, 2025, but has faced significant delays in the Senate. It was added to the legislative calendar on June 1, 2026, after months of contentious debate on various sensitive issues. Senator Cynthia Lummis cautioned in June that failure to pass the bill in 2026 could postpone its reconsideration until 2030, highlighting the urgency for regulatory clarity that could unlock institutional investments.

The Clarity Act is poised to become one of the first comprehensive laws governing cryptocurrencies. While it has garnered support from virtual asset investors and the House, Democratic senators are pushing for stricter ethical guarantees for elected officials, including Trump himself, who has reported substantial gains in the digital asset market. Trump disclosed earnings of $1.4 billion from investments including the memecoin Official Trump and family ventures.

Despite Trump's assertion that the bill honors Senator Graham, Graham was not a member of the Senate Banking Committee, which approved the bill with a 15-9 vote in May, including support from two Democrats. Senators Tim Scott and Cynthia Lummis have been key proponents of the bill in the Senate. Major crypto firms like Coinbase, Circle, and Ripple back the Clarity Act, anticipating that clear regulation will attract more investors. However, banks oppose the bill, fearing it could divert deposits by allowing companies to offer stablecoin-backed interest payments, thereby reducing funds available for loans.

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En el último estudio de Methodo, Milei y Kicillof registran niveles de rechazo que superan la mitad del electorado: 61% en el caso de Milei, 55% en el de Kicillof.