{"id":15622,"date":"2026-07-13T21:57:05","date_gmt":"2026-07-13T21:57:05","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=15622"},"modified":"2026-07-13T21:57:09","modified_gmt":"2026-07-13T21:57:09","slug":"trump-urges-senate-to-pass-clarity-act-in-honor-of-lindsey-graham","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/07\/13\/trump-urges-senate-to-pass-clarity-act-in-honor-of-lindsey-graham\/","title":{"rendered":"Trump Urges Senate to Pass CLARITY Act in Honor of Lindsey Graham"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">President Donald Trump has renewed his push for cryptocurrency legislation, calling on the U.S. Senate to approve the <strong>CLARITY Act<\/strong> as a tribute to the late Senator <strong>Lindsey Graham<\/strong>. With Congress approaching its August recess, lawmakers are under growing pressure to finalize the long-awaited crypto market structure bill.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, despite increasing political support, the legislation continues to face challenges over ethics concerns related to Trump&#8217;s personal crypto business interests.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Trump ties the CLARITY Act to Graham\u2019s legacy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In a post on <strong>Truth Social<\/strong>, President Trump urged senators to pass the CLARITY Act in memory of Senator Lindsey Graham, who passed away over the weekend following a brief illness.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump described Graham as a strong supporter of digital asset legislation and argued that passing the bill would honor his commitment to keeping the United States at the forefront of financial innovation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He also warned that delaying crypto regulation could allow countries such as China to gain an advantage in both cryptocurrency and artificial intelligence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Trump, the United States currently leads in both sectors and should strengthen that position through clear legislation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Senate races against the legislative calendar<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Congress now faces a limited window to complete work on the CLARITY Act before lawmakers leave for the August recess.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Senate staff are expected to release a <strong>merged version<\/strong> of the legislation during the week of <strong>July 13<\/strong>. The updated draft combines proposals from both the Senate Banking Committee and the Agriculture Committee while adding stronger consumer protections and several bipartisan revisions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">White House crypto adviser <strong>Patrick Witt<\/strong> also described the current week as a crucial moment for the bill, noting that lawmakers have already lost valuable time and should move quickly to finalize the regulatory framework.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ethics concerns continue to slow progress<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite growing support, the CLARITY Act still faces political obstacles.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Several Democratic senators, including <strong>Elizabeth Warren<\/strong>, <strong>Richard Blumenthal<\/strong>, <strong>Gary Peters<\/strong>, <strong>Dick Durbin<\/strong>, and <strong>Ron Wyden<\/strong>, have called for congressional hearings into President Trump&#8217;s cryptocurrency business interests before the legislation advances further.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The lawmakers pointed to financial disclosures indicating that Trump&#8217;s family reportedly earned approximately <strong>$1.4 billion<\/strong> from cryptocurrency ventures while outside investors continue participating in the <strong>World Liberty Financial<\/strong> project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They argue that these financial connections deserve careful review before Congress approves legislation that could significantly reshape the U.S. crypto industry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Supporters argue the bill strengthens oversight<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Supporters of the CLARITY Act reject claims that the legislation would weaken financial oversight.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coinbase Chief Policy Officer <strong>Faryar Shirzad<\/strong> recently stated that regulatory uncertainty creates opportunities for bad actors, while clear federal rules would improve compliance across the industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Shirzad, the bill would require crypto brokers, exchanges, and dealers to comply with <strong>Bank Secrecy Act (BSA)<\/strong> obligations, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Anti-money laundering (AML) programs<\/li>\n\n\n\n<li>Customer identity verification (KYC)<\/li>\n\n\n\n<li>Suspicious activity reporting<\/li>\n\n\n\n<li>Sanctions compliance<\/li>\n\n\n\n<li>The ability to freeze suspicious transactions when requested by law enforcement<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Supporters believe these measures would increase transparency rather than reduce regulatory oversight.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Senator Cynthia Lummis backs the legislation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Senator <strong>Cynthia Lummis<\/strong>, one of Congress&#8217;s strongest cryptocurrency advocates, also encouraged lawmakers to move the bill forward.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">She said Lindsey Graham believed the United States should remain a global leader in digital assets and urged senators to pass the CLARITY Act before sending it to President Trump for final approval.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Crypto regulation enters a critical stage<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The CLARITY Act remains one of the most important cryptocurrency bills currently under consideration in the United States.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If approved, it would establish a clearer legal framework for digital asset markets while defining the responsibilities of regulators overseeing the crypto industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the August recess approaching, lawmakers have limited time to reach an agreement. Whether the Senate can overcome political disagreements and ethics concerns will likely determine the future of U.S. crypto regulation in the months ahead.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has renewed his push for cryptocurrency legislation, calling on the U.S. Senate to approve the CLARITY Act as a tribute to the late Senator Lindsey Graham. With Congress approaching its August recess, lawmakers are under growing pressure to finalize the long-awaited crypto market structure bill. However, despite increasing political support, the legislation&#8230;<\/p>\n","protected":false},"author":3,"featured_media":15623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[2086,401,84],"class_list":["post-15622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-clarity-act","tag-legislation","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump Urges Senate to Pass CLARITY Act in Honor of Lindsey Graham - Crypto News<\/title>\n<meta name=\"description\" content=\"Trump urged the Senate to pass the CLARITY Act in honor of Lindsey Graham as lawmakers race to finalize U.S. crypto legislation before August.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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