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Senate CLARITY Act Negotiations Collapse Without Bipartisan Agreement; Republicans Move Forward Alone

GateNews

2026-05-14 13:21:58

ACT-1.21%

MOVE-4.17%

ON-20.63%

According to Eleanor Terrett, Senate Banking Committee negotiations on the CLARITY Act ended without an agreement on May 14, as Democratic senators demanded provisions addressing conflicts of interest involving President Trump’s family virtual assets and opposed amendments to the Blockchain Regulatory Certainty Act (BRCA).

Senator Cynthia Lummis stated that 99% of the bill has already been approved and that Republicans plan to advance it with only GOP support, warning that failure to pass the legislation could result in lawmakers being held accountable for future FTX-like incidents.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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