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The CLARITY Act faces an ethics test as Senate Democrats seek limits on senior officials’ crypto profits, including President Trump’s.
The latest transfer brings project-linked movements to $172 million over five months as the meme coin trades near record lows.
Democratic resistance has left Republicans short of 60 votes, prompting crypto groups, police and faith leaders to press for immediate floor action.
Wall Street is divided over stablecoin rewards while Trump’s crypto interests complicate efforts to secure the Democratic votes needed for passage.
Seven Senate Democrats say the revised crypto bill still falls short, threatening the 60 votes Republicans need for passage.
CLARITY’s market impact falls on tokens, exchanges, and DeFi, with Bitcoin still driven by liquidity, ETF demand, and macro conditions.
The revised bill would force covered federal officials to divest certain crypto holdings or use blind trusts.
The former New York governor joins as crypto exchanges pursue Wall Street partnerships, US regulation and institutional legitimacy.
Section 701 would place qualifying assets held for customers in Chapter 7 customer-property rules, while classification and title-transfer clauses still matter.
