Crypto Darling Gillibrand’s 11th-Hour Flip-Flop Helps Block Trump Crypto Bill

The Intercept · collected 2026-09-15 · by Matt Sledge
Read the original at The Intercept ↗

Summary

Senator Kirsten Gillibrand initially lobbied fellow Democrats to support a crypto bill before voting against it at the last minute, joining progressives in blocking its advancement due to concerns over President Trump's significant cryptocurrency profits. The vote on October 13th fell short of the required 60 votes with a tally of 49–50, highlighting the political challenges for moderate Democrats who previously supported crypto-friendly regulations but now face public pressure from progressives against perceived conflicts involving Trump’s financial interests in the industry.
Written by the local model on 2026-09-15, using this article's own text rather than the other coverage of the same event (that is the story summary below).

Signals How these are calculated →

Claims extracted
62
claim-shaped sentences
Uncertain
6%
4 of 62 hedged
Leaning
Leans left
of the writing, not the subject
Correction & hedging signals
97.0
corrections and hedging in what we collected; not a measure of accuracy
Outlets on this story
11
Politics
Narrative spread
4
articles carrying this framing
Analyzed 2026-09-15 · how these are computed

AI analysis (generated at analysis time, not now)

Story summary

On September 15, the U.S. Senate is set to vote on advancing the Clarity Act, a bill aimed at establishing federal regulations for digital asset markets. The bill, which has passed the House of Representatives, aims to define regulatory responsibilities and create predictable rules for market participants, crucial for an industry valued at $2.3 trillion. However, opposition from some Republicans and Democrats remains due to concerns over President Donald Trump’s financial interests in cryptocurrency. Despite efforts by the White House to address banking groups' concerns with a new text, Senate leaders like Sen. John Cornyn of Texas are still considering voting against it. A procedural vote is scheduled for Tuesday afternoon, and failure could delay similar legislation for years, potentially until after the November midterm elections.

Written for “Crypto Regulation Debate” on 2026-09-17, grounded in this article and the 10 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted verbatim and was checked against the article text before being stored, so you can find it in the original.
Score -0.45 Confidence high
Leaning score -0.45 for article 12171 (high confidence, 4 verified quotes) · logged 2026-09-15

Story

📰 Crypto Regulation Debate
Politics · 11 article(s) covering the same event. This is the one the site leads with.

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Compared with similar articles

This article reads leans left and hedges 6% of its claims. Each row says how that neighbour differs.
CBS News
⚖️ leaning not scored 🔴 8% hedged 2 of 24 📰 publisher trust 77
“Both articles describe the Senate's failure to advance the Clarity Act on September 15, 2026.”
The Straits Times
⚖️ leaning not scored 🔴 29% hedged 4 of 14 📰 publisher trust 59
“The articles discuss different aspects of the crypto bill vote; Article A covers the general context and vote, while Article B focuses on Sen. Gillibrand's flip-flop hours before the vote.”
Washington Examiner
⚖️ Leans left 🔴 9% hedged 3 of 34 📰 publisher trust 96
“While both articles discuss conflicts over Trump's influence on crypto regulation and the CLARITY Act, they describe different stages of the legislative process.”
The Hindu
⚖️ Leans left 🔴 26% hedged 10 of 39 📰 publisher trust 95
“Article A discusses Trump's concessions on ethics rules to advance a crypto bill, while Article B focuses on Sen. Gillibrand's failed effort to support the bill, which was blocked by progressives.”
Semafor
⚖️ leaning not scored 🔴 7% hedged 8 of 114 📰 publisher trust 95
“The articles discuss related actions around the crypto bill but describe different aspects of events surrounding its passage, not the exact same incident.”
Semafor
⚖️ leaning not scored 🔴 7% hedged 2 of 30 📰 publisher trust 95
“The articles describe different aspects of the crypto legislation effort — one focuses on the White House's efforts to push the bill, while the other details a senator's flip-flop and actions that helped block it.”
Toronto Star
⚖️ Leans left 🔴 0% hedged 0 of 3 📰 publisher trust 62
“While both articles discuss Senate voting on cryptocurrency regulation and mention Democrats' pushback related to Trump's investments, they describe different aspects of the event with distinct focuses.”
Semafor
⚖️ Leans strongly left further left than this 🔴 17% hedged 1 of 6 📰 publisher trust 95
“While both articles discuss the failure of cryptocurrency legislation in the Senate on the same day, they describe different aspects and details of the event.”
NPR
⚖️ leaning not scored 🔴 7% hedged 4 of 55 📰 publisher trust 60
“Article A discusses a procedural vote on the Digital Asset Market Clarity Act while Article B focuses on Sen. Gillibrand's flip-flop and lobbying efforts for a different bill related to crypto regulation.”

Publisher

The Intercept · 49 article(s) · 0 correction(s) detected
No corrections detected for this publisher. That may mean careful reporting, or simply that nothing has been checked.

Who wrote this

Matt Sledge
6 article(s) here · 1 carrying a prediction
🔮 Sen. Kirsten Gillibrand, D-N.Y., a centrist who leads the Democratic Senatorial Campaign Committee, privately urged fellow Democrats to support advancing a crypto bill that would have created a regulatory framework for the industry, according to reporting in Politico.
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2026-09-09 · assertive framing · FAA Investigates Drone Pilot Who Films Animal Abusers
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🔮 The defendants filed a motion asking the judge overseeing the case to force the disclosure of even more files, alleging that they will show that the government illegally targeted left-wing protesters for their politics rather than their alleged crimes.
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Also by Matt Sledge
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 6 articles by Matt Sledge →

Topics

Democrat Democrats N.Y. Republicans Senate

Subjects

Trump PERSON · 8× Gillibrand PERSON · 7× Democrats NORP · 6× Senate ORG · 5× Warren PERSON · 3× Donald Trump PERSON · 2× Republicans NORP · 2× the Senate Banking Committee ORG · 2× Democrat NORP · 1× Kirsten Gillibrand PERSON · 1×

Narrative

Yet far too many are still covering Trump’s assault on democracy like politics as usual, with flattering headlines describing Trump as “unconventional,” “testing the boundaries,” and “aggressively flexing power.” The Intercept has long covered authoritarian governments, billionaire oligarchs, and backsliding democracies around the world.
framing: assertive · carried by 4 article(s) · first seen 2026-08-28
🔮 Sen. Kirsten Gillibrand, D-N.Y., a centrist who leads the Democratic Senatorial Campaign Committee, privately urged fellow Democrats to support advancing a crypto bill that would have created a regulatory framework for the industry, according to reporting in Politico.
2026-09-06 · The Intercept
Christian Employers Can Now Discriminate Against Trans People · assertive framing

Claims (62 extracted, 4 hedged)

Hours before joining progressives to block a crypto bill that critics said was a handout to President Donald Trump, a top Senate Democrat was lobbying her colleagues to pass the legislation. asserted
Democrat → join → legislation
Sen. Kirsten Gillibrand, D-N.Y., a centrist who leads the Democratic Senatorial Campaign Committee, privately urged fellow Democrats to support advancing a crypto bill that would have created a regulatory framework for the industry, according to reporting in Politico. uncertain
that → lead → Politico
Her pleas fell on deaf ears, however, as progressives including Sen. Elizabeth Warren, D-Mass., mounted a public campaign against the bill. asserted
progressives → fall → bill
The critics said the bill would allow President Donald Trump to add to the $1.4 billion in crypto profits he pocketed last year. asserted
he → say → profits
When it came time for the final vote, Gillibrand joined all Democrats in voting against a motion to advance the bill. asserted
Gillibrand → come → bill
Four Republicans also voted against the motion, which fell far short of the 60 votes needed to proceed to a full debate. asserted
which → vote → debate
Gillibrand’s flip-flop reflected the bind that Trump has placed on moderate Democrats during his second term. asserted
Trump → reflect → term
Many of those centrists previously backed crypto-friendly regulations, but the historic scale of Trump’s profits on his meme coin and other crypto ventures has made them reluctant to publicly side with the industry. asserted
them → back → industry
Gillibrand’s office did not immediately respond to a request for comment. asserted
office → respond → comment
In a statement, the progressive group Demand Progress criticized her for previously trying to rally support for the bill. asserted
group → criticize → bill
“While Sen. Gillibrand switched her support for the bill at the last minute, we deserve to know why she tried to get her colleagues to rubber-stamp this corrupt crypto deal, particularly at a time when she is claiming to oppose Trump’s corruption,” said the group’s corporate power policy adviser, Ella Fanger. asserted
adviser → switch → corruption
Before the vote, an aide argued in a written statement that it would be best to proceed to debate on the Clarity Act, stating, “Senator Gillibrand would relish the chance to debate real ethics reforms on the floor — in full view of the public, seven weeks out from the midterms.” asserted
Gillibrand → argue → midterms
Trump and Senate Republicans tried to win over the dozen or so Senate Democrats who have proven friendly to the crypto industry in the past with concessions they said would rein in the president’s crypto ventures. asserted
they → try → ventures
In remarks on the Senate floor, one of the bill’s sponsors, Sen. Cynthia Lummis, R-Wy., highlighted Gillibrand’s role in negotiations over the text as evidence of its bipartisan backing. asserted
one → highlight → backing
Lummis also argued that the White House had conceded virtually everything that Democrats had asked for when it came to ethics provisions over the course of months of negotiations. asserted
it → argue → negotiations
“President Trump gave more than anyone in this town expected, twice. asserted
anyone → give → town
It is time for this body to take yes for an answer,” she said. asserted
she → take → answer
Warren and others warned that the supposed concessions were shot through with loopholes. asserted
concessions → warn → loopholes
“We need crypto regulation, but voting to proceed to this bill is a vote to bless Donald Trump’s corruption,” Warren said hours before the vote. asserted
Warren → need → vote
One key provision that Democrats had sought would allow state attorneys general to initiate enforcement actions against the president for ethics violations. asserted
attorneys → seek → violations
However, staffers for Warren on the Senate Banking Committee said that the provision included in the latest version of the bill text was essentially a dead letter, because political officials directed by Trump could issue a legal opinion shutting down the enforcement action. uncertain
officials → say → action
Another provision of the bill allowing Trump to put his crypto assets in a supposedly “blind” trust would not prevent him from favoring the industry to increase his own profits, minority staffers for the Senate Banking Committee said. asserted
staffers → allow → Committee
Trump’s self-dealing was not the only issue hanging over the legislation. asserted
dealing → hang → legislation
The banking industry also flexed its political muscles on the Hill by arguing that the bill would enable crypto start-ups to steal deposits from small local lenders. asserted
ups → flex → lenders
Tuesday’s vote could create a liability for Democrats heading into the midterms. uncertain
vote → create → midterms
Crypto industry super PACs have a massive war chest that they could use to target vulnerable Democrats — a tactic they deployed during the 2024 election. uncertain
they → have → election
Voters want to know that candidates are willing to defy well-funded industries, Warren argued, pointing to the growing number of candidates who bucked crypto during the primary season and won nonetheless. asserted
who → want → season
“The crypto industry doesn’t want to just lobby Congress, they want to buy the Congress that will be favorable to them,” she said. asserted
she → want → them
“It is our job when we run for elected office to stand up and do what’s right. asserted
what → run → office
IT’S EVEN WORSE THAN WE THOUGHT. asserted
WE → ’ → ?
What we’re seeing right now from Donald Trump is a full-on authoritarian takeover of the U.S. government. asserted
seeing → see → government
Court orders are being ignored. asserted
orders → ignore → ?
MAGA loyalists have been put in charge of the military and federal law enforcement agencies. asserted
loyalists → put → military
The Department of Government Efficiency has stripped Congress of its power of the purse. asserted
Department → strip → purse
News outlets that challenge Trump have been banished or put under investigation. asserted
that → challenge → investigation
Yet far too many are still covering Trump’s assault on democracy like politics as usual, with flattering headlines describing Trump as “unconventional,” “testing the boundaries,” and “aggressively flexing power.” The Intercept has long covered authoritarian governments, billionaire oligarchs, and backsliding democracies around the world. asserted
Intercept → cover → world
We understand the challenge we face in Trump and the vital importance of press freedom in defending democracy. asserted
we → understand → democracy
We’re independent of corporate interests. asserted
We → ’re → interests
Will you help us? asserted
you → help → us
We have a president with utter contempt for truth aggressively using the government’s full powers to dismantle the free press. asserted
president → have → press
…and 22 more, not listed.
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