Democrats | Crypto

The 635-page revised proposal includes Trump-backed ethics provisions and comes just two days before a key procedural vote. Senate Republicans on Sunday released revised text of the CLARITY Act aimed at swaying Democrats ahead of a procedural vote on Tuesday, featuring major changes to rules relating to government officials’ involvement with digital assets. The 635-page proposal, released by US Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis alongside Chairmen John Boozman and Tim Scott, also includes changes to the Blockchain Regulatory Certainty Act (BRCA) and provisions governing stablecoin yield. Lummis said the new ethics provisions had been agreed to by US President Donald Trump.  “After a year of intense daily bipartisan negotiations, this bill is ready,” she said. “President Trump voluntarily agreed to unprecedented ethics restrictions, holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in US history.” Read more

The White House is raising pressure on Senate Democrats ahead of a Sept. 15 vote on the CLARITY Act, arguing that lawmakers have already had enough time to reach a deal on crypto market structure. On Aug. 8, Patrick Witt, executive director of the Presidential Council of Advisors for Digital Assets, accused Senate Minority Leader […] The post White House warns CLARITY Act will die Sept 15 unless 7 Democrats vote yes appeared first on CryptoSlate.

The White House pushed back against the Senate Democrats' rejection of the latest version of the CLARITY Act, with ethics remaining a major sticking point. The clash comes despite President Donald Trump’s decision this week to accept new ethics limits, reflecting how far apart negotiators remain as lawmakers try to advance sweeping crypto market legislation. […] The post White House pushes back as key Democrats rejects CLARITY Act’s crypto ethics appeared first on CryptoSlate.

President Donald Trump has reportedly agreed to proposed ethics restrictions tied to sweeping US cryptocurrency legislation, addressing one of the biggest obstacles in months of negotiations and shifting the next decision to Senate Democrats who have demanded limits on how public officials can profit from digital assets. The agreement came after Trump met last week […] The post Trump backs crypto ethics limits, putting CLARITY Act decision in Democrats’ hands appeared first on CryptoSlate.

Coinbase vice chair Ryan VanGrack said that Democratic lawmakers had added provisions on customer protection to a digital asset market structure bill under consideration in the US Senate. As lawmakers in the US Senate are likely to vote soon on the Digital Asset Market Clarity (CLARITY) Act, representatives from advocacy organizations and companies are providing details of closed-door negotiations over the bill, which is expected to be the most comprehensive piece of legislation affecting the crypto industry. In a Monday CNBC interview, Coinbase vice chair Ryan VanGrack said while the final negotiations over text of the CLARITY Act were taking place in the Senate, Democratic lawmakers had added additional protections for customers to give what he called “more teeth” to the legislation. He did not explicitly mention any progress on adding ethics provisions to the bill, which many Democrats said will be necessary for their votes.  “[A]t the end of the day, this is about customer protections,” said VanGrack. “Th...

US Comptroller of the Currency Jonathan Gould and New York Representative Gregory Meeks sparred over Donald Trump’s influence on regulators he has nominated as president at a Thursday oversight hearing. Jonathan Gould, the Comptroller of the Currency (OCC) nominated by Donald Trump, implied that the US president had not ordered him to approve or give special consideration to a national trust charter application tied to his family’s financial interests. In a Thursday hearing of the House Financial Service Committee on “oversight of prudential regulators,” New York Representative Gregory Meeks questioned Gould on the Trump family crypto company World Liberty Financial’s connections to foreign governments and the Binance exchange. The company, whose co-founders include Trump and his sons, applied for an OCC charter in January, prompting backlash from many Democratic lawmakers alleging conflicts of interest. Representative Gregory Meeks at a Thursday hearing. Source: House Financial Services Committee Read more

Inside a packed Senate hearing room on May 14, the air was heavy with the tension of a high-stakes jurisdictional brawl on the CLARITY Act. What was intended to be a routine legislative markup became a grueling “tick-tock” of procedural maneuvering, personal barbs, and a desperate search for a bipartisan middle ground. Ultimately, the bill […] The post How CLARITY Act survived a chaotic Senate markup after Warren, Banks and Democrats tried to slow it down appeared first on CryptoSlate.

The CLARITY Act, introduced in July 2025, stalled in January after Coinbase withdrew its support for the legislation over concerns about legal protections and stablecoin yields. Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee could be key to advancing the Digital Asset Market Clarity Act when it goes to markup on Thursday, sending it to the Senate for a vote. In an X post on Sunday, Galaxy Digital labeled Democratic lawmakers Ruben Gallego and Angela Alsobrooks as “constructive/pro-framework” when it comes to crypto. Four other lawmakers are seen as “deal-makers,” while one lawmaker is seen as “mixed.”  “If Democrats vote for the bill in markup, likelihood of ultimate passage on the Senate floor increases significantly,” Galaxy Digital said.  Read more

The seven House members may have affirmed the commission‘s authority over prediction markets, but asked questions about its inaction on insider trading. Seven members of the US House of Representatives sent a letter to Commodity Futures Trading Commission (CFTC) Chair Michael Selig, asking for information on the agency's inaction on insider trading on prediction markets and event contracts related to war and conflicts. In a Monday letter, the seven US lawmakers said that the CFTC had the authority under the Commodities Exchange Act “to apply its rules and regulations for the purpose of preventing evasion of the [act’s] underlying swap provisions.” The statement signaled that the representatives affirmed Selig’s position that the commission had jurisdiction over prediction markets. However, the House members expressed concerns about how the CFTC was policing “morally obscene” event contracts, including those on US military actions in Iran and Venezuela — in those cases, there were suspicious trades related to ...

Potential indicators of prior-knowledge bets on U.S. military action spurred Democrats from the Senate and House of Representatives to introduce a new bill.

Washington lawmakers are moving on multiple fronts to curb the most politically toxic corners of prediction markets after millions of dollars flowed into bets tied to US-linked military action in Iran. Over the past week, several Democratic lawmakers have been pursuing multiple paths to rein in the fast-rising business. One effort, led by Rep. Mike […] The post After $679 million in Iran war bets, Democrats move to ban prediction markets tied to military action appeared first on CryptoSlate.

The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests. US Democratic Senators working on crypto market structure legislation filed several amendments on Friday, including measures to address conflicts of interest with US officials profiting from the crypto industry. The ethics-focused amendments were filed ahead of the Senate Agriculture Committee’s markup for the crypto market structure legislation this Tuesday, which seeks to give greater clarity on federal rules for digital assets, define agency oversight, and bring regulatory certainty to investors and market participants. One of the most notable amendments was Senator Michael Bennet’s purported inclusion of the Digital Asset Ethics Act into the crypto market structure legislation to prevent US officials from profiting from the crypto industry. Read more

Maxine Waters, the top Democrat who may lead the House Financial Services Committee again if Democrats prevail, has a crypto bone to pick with SEC's Atkins.

President Trump said he was open to nominating Democrats to two key financial regulators, after firing Democrats from several agencies this year.

JPMorgan CEO Jamie Dimon has denied that the bank has engaged in politically driven “debanking,” as crypto executives, Trump allies, Democrats and regulators debate Operation Chokepoint 2.0, de-risking, compliance with subpoenas and ongoing congressional probes. The post JPMorgan CEO Drops Debanking Bombshell: “We Cut Republicans and Democrats” – No One’s Safe appeared first on Cryptonews.

Democratic Senators Elizabeth Warren and Jack Reed asked the Justice Department and the Treasury Department to investigate World Liberty Financial after a watchdog alleged that WLFI token sales touched wallets tied to North Korea’s Lazarus Group, a Russia-linked ruble token, an Iranian exchange, and prior Tornado Cash users. The senators’ referral arrived after Accountable US […] The post Democrats attack Trump’s World Liberty Financial for taking North Korean money — want DOJ probe appeared first on CryptoSlate.

A Republican-backed bill to create a market structure for digital assets is expected to head for a vote in the Senate Banking Committee soon. A group of Democratic senators in the US Congress has signaled its intention to work with Republicans on advancing legislation to establish a digital asset market structure framework. In a Friday statement, 12 Democrats, including members of the Senate Banking Committee and Senate Agriculture Committee, issued a statement ahead of an expected vote on a crypto market structure bill pushed by Republican leadership. “We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale,” the statement reads. “Given our shared interest in moving forward quickly on this issue, we hope they will agree to reasonable requests to allow for true collaboration.” Read more

Democrat lawmakers have introduced a comprehensive legislative blueprint aimed at reshaping U.S. digital asset regulation, proposing to close longstanding gaps in crypto oversight and restore investor confidence in the nearly $4 trillion market, according to a newly released framework. The proposed plan would grant the Commodity Futures Trading Commission (CFTC) full jurisdiction over spot markets […] The post Democrats unveil new market framework to counter Trump’s crypto footprint appeared first on CryptoSlate.

Senate Banking Committee Chairman Tim Scott reportedly predicts that 12 to 18 Democrats will support comprehensive crypto market structure legislation. According to Aug. 19 reports, Scott is conducting individual meetings with Democratic members, including those outside the Banking Committee, to build bipartisan backing for the anticipated September bill introduction. The South Carolina Republican’s outreach efforts […] The post Senate Banking Chairman Tim Scott predicts up to 18 Democrats to break ranks on sweeping crypto law appeared first on CryptoSlate.

US Democratic lawmakers, led by House members Maxine Waters and Stephen Lynch, announced on July 11 that next week will be designated “Anti-Crypto Corruption Week.” The initiative aims to unite Democrats in opposing several pro-crypto bills that are currently under consideration in Congress, including the GENIUS Act, the CLARITY Act, and a proposed law aimed […] The post Democrats declare ‘Anti-Crypto Corruption Week’ to counter GOP crypto bills appeared first on CryptoSlate.