Trump: Senate Must Pass CLARITY Act Now

Trump publicly demanded the Senate pass the CLARITY Act in honor of the late Lindsey Graham, warning that China seeks total control of crypto and AI while the US leads both sectors. The Senate returns today with a deadline of August 7 before recess, after which passage odds collapse sharply. The bill would classify Bitcoin and Ethereum as commodities under CFTC oversight and strip the SEC of reclassification power. Republicans hold 53 seats but need 60 votes, with two expected to oppose, requiring at least seven Democratic crossovers. A House field hearing is set for July 17 in New York. Failure now could push crypto regulation bill timelines past midterms or into 2030 per Senator Lummis.