Trump Backs CLARITY Act as Senate Faces 60-Vote Hurdle Over Ethics Concerns

US President Donald Trump has publicly supported the CLARITY Act, calling it a "future-proof digital asset market structure" that would prevent future administrations from reversing crypto regulations. However, Senate approval remains uncertain despite the bill already passing the House earlier this year, as Republicans hold a slim majority and will likely need Democratic votes to overcome the 60-vote filibuster threshold.

Several Democrats have raised conflicts-of-interest concerns related to Trump family crypto ventures, including ties to memecoin projects, World Liberty Financial, and Bitcoin mining companies. Senator Ruben Gallego warned he would oppose the bill unless such concerns were addressed. Analysts cautioned that significantly stronger Democratic backing would be required for the legislation to advance.