The Aporia
Everett, B. (2026, September 15). Senate Republicans say crypto bill likely to fail. Semafor. https://www.semafor.com/article/09/08/2026/senate-republicans-say-crypto-bill-likely-to-fail
Everett, Burgess. “Senate Republicans say crypto bill likely to fail.” Semafor, 15 Sept. 2026, https://www.semafor.com/article/09/08/2026/senate-republicans-say-crypto-bill-likely-to-fail.
Everett, Burgess. “Senate Republicans say crypto bill likely to fail.” Semafor, September 15, 2026. https://www.semafor.com/article/09/08/2026/senate-republicans-say-crypto-bill-likely-to-fail.
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On September 15, the U.S. Senate was set to vote on advancing the Clarity Act, a bill that aims to establish federal regulations for digital assets like cryptocurrency. The House had already passed the legislation, but disagreements persisted over ethics and regulatory concerns. Key opponents included Senator Mike Rounds (R-SD) and Senator Thom Tillis (R-NC), who warned it was unlikely to pass due to unresolved issues regarding President Donald Trump's conflicts of interest in crypto investments. Despite support from industry groups that spent $451 million on lobbying, significant hurdles remained, with some Democrats demanding stronger ethics provisions to prevent financial conflicts for the president and his family. The vote was seen as a critical test for both the cryptocurrency market and political forces ahead of the November midterm elections.