White House Blames Democrats After Crypto Clarity Act Stalls in Senate
The bill would divide digital-asset oversight between the CFTC and SEC. Democrats cited concerns about President Trump’s crypto ties and ethics issues in the legislation.
The White House blamed Democrats after the Crypto Clarity Act failed to advance in the Senate, deepening uncertainty over the timeline for a U.S. framework governing digital assets.
The bill would define regulatory responsibilities for the Commodity Futures Trading Commission and the Securities and Exchange Commission, two agencies central to oversight of the crypto market.
Democrats withheld support while raising concerns about President Trump’s connections to the crypto industry and ethical issues tied to the legislation. The White House characterized Democratic opposition as the reason the measure did not progress.
The failed procedural vote underscores the partisan divide surrounding efforts to establish clearer U.S. crypto-market rules. Further negotiations or changes to the bill’s language could affect whether the legislation moves forward.
