Clarity Act stalls as Alsobrooks challenges Trump family crypto profits

  • Senator Angela Alsobrooks opposed advancing the Digital Asset Market Clarity Act.
  • The bill received 15-9 committee approval and later required 60 votes to advance.
  • Democrats and Republicans remain divided over ethics enforcement authority.

The Digital Asset Market Clarity Act remains stalled after Senator Angela Alsobrooks (D-Md.) withdrew her support over ethics and illicit-finance concerns tied to an estimated $1.4 billion in profits linked to President Trump and his family members’ digital asset activities. The bill passed the Senate Banking Committee 15-9 on May 14-15, 2026, with Senator Ruben Gallego (D-Ariz.) as the only other Democrat supporting advancement. Alsobrooks initially backed the legislation but later sought stronger ethics provisions. Revised text included ethics language and a 2029 sunset clause, but a September 15 procedural vote failed because the measure needed 60 votes. Lawmakers remain divided over whether the Department of Justice or state attorneys general should enforce ethics violations, leaving the industry without statutory boundaries between securities and commodities regulation.

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Clarity Act stalls as Alsobrooks challenges Trump family crypto profits - CoinPost Terminal