# TrumpCallsForClarityActPassage

Trump urged the Senate to pass the CLARITY Act in a Truth Social post, honoring late Senator Lindsey Graham and tying it to global competition: "Many countries would like to take complete control of this major financial event, as well as A.I. — we're leading now, but they're chasing hard. Don't let them win." The bill would split digital asset oversight between the SEC and CFTC, establishing federal rules for the crypto industry. It has passed the House and Senate Banking Committee. But roadblocks remain: Democrats are pushing ethics provisions to limit crypto profits for senior officials and their families — directly targeting Trump's reported $1.4B crypto earnings — while banks oppose stablecoin yield provisions. The bill needs 60 Senate votes to overcome a filibuster; Republicans hold just 52 seats. Polymarket puts the odds of passage this year at ~40%. With only weeks left before the August recess, the window is closing.