CLARITY Act Faces Crucial Senate Vote Amid State AG Resistance
The CLARITY Act, a bill aimed at clarifying how digital assets fit within existing securities and commodities frameworks, is set to face a crucial Senate procedural vote on Tuesday. The vote will determine whether the bill advances to full Senate debate.
Recently, talks around ethics restrictions for public officials appeared to have moved the bill closer to action, after President Donald Trump agreed to roughly 80% of a bipartisan proposal. This would tighten disclosure and divestment rules for officials with significant crypto interests.
However, opposition from a coalition of state attorneys general is threatening to complicate momentum. In a letter led by New York Attorney General Letitia James, 18 state AGs urged senators to reject the bill, arguing that the compromise does not fully address concerns about undermining state oversight of crypto-related misconduct.