Senate blocks CLARITY Act amid dispute over Trump crypto profits

  • The Senate blocked advancement of the CLARITY Act after four Republicans joined Democrats in a procedural vote.
  • Warren said Trump and his family earned $1.4 billion from crypto projects in 2025, while Trump meme-coin buyers lost nearly $4 billion.
  • The vote followed 126 Democratic-requested changes and left ethics, investor protection, money laundering and regulatory issues unresolved.

The Senate blocked advancement of the CLARITY Act on Tuesday after four Republicans joined Democrats in opposing a procedural vote, intensifying a partisan dispute over the proposed cryptocurrency market framework. The final text included 126 changes requested by Democrats, including expanded ethics provisions, but Democrats including Sens. Elizabeth Warren, Elissa Slotkin and Michael Bennet said it still failed to prevent President Donald Trump and other federal officials from profiting from crypto ventures or adequately address fraud, money laundering, terrorist financing, sanctioned countries and regulatory resources. Sen. Thom Tillis switched his vote from yes to no, preserving the possibility of reconsideration, and said negotiations could continue. Warren said Trump and his family earned $1.4 billion from crypto projects in 2025, while buyers of Trump-linked projects lost billions, including nearly $4 billion on his meme coin. The setback came despite crypto companies spending hundreds of millions of dollars on political activity and super PACs spending tens of millions.

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