MarketPR

Senate's crypto bill faces its first procedural test Tuesday as clock ticks toward midterms

9/12/2026

The Clarity Act, a measure that would divide federal oversight of digital assets between the SEC and the Commodity Futures Trading Commission, hits its first test vote Tuesday afternoon in the Senate.

Sixty votes are needed to advance the bill, and the arithmetic is uncertain: Democrats are holding out over an ethics provision tied to President Trump's cryptocurrency holdings.

The Senate has roughly three weeks before lawmakers head home for the midterms, compressing whatever order book of major legislation remains. The 60-vote problem The friction is traceable to a single data point.

President Trump's financial disclosure report shows he earned $1.4 billion on cryptocurrency last year.