- The Trump family’s crypto links are affecting legislators’ outlook on the CLARITY Act.
- Senator Lummis said the Trump family’s crypto involvement made her job harder.
- Donald Trump is associated with meme coins and the World Liberty Financial.
Custodia CEO Caitlin Long said that President Donald Trump’s family will share the blame if Congress fails to pass the CLARITY Act. Long made the statement on Wednesday during ETH Denver, the world’s largest and longest-running Ethereum and Web3 innovation festival.
Difficulty in Securing Bipartisan Backing
According to Long, Trump-associated meme coins and other crypto ventures linked to the President’s family, including World Liberty Financial, have made it more difficult to secure bipartisan backing for the bill. It is worth noting that the CLARITY Act aims to define how digital assets are regulated in the US and to clarify the roles of federal agencies.
Long cited a statement by Wyoming Senator Cynthia Lummis, a foremost pro-crypto legislator, who herself said the Trump family’s crypto involvement made her job harder. Considering the highlighted complexity, Long is no longer confident about the CLARITY Acts passage. According to her, the legislative bill is currently in a coin-flip situation and could either be enacted or die.
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The Current State of the Bill
For context, House Committee on Financial Services Chairman French Hill introduced the CLARITY Act in May 2025 to codify key crypto market structures and create a comprehensive regulatory framework for digital assets. The bill aims to fragment crypto oversight responsibilities between the SEC and the CFTC.
It is worth noting that the US House of Representatives passed the CLARITY Act in July 2025, boosting optimism among crypto practitioners. However, disputes over DeFi and stablecoin provisions in the bill have delayed its passage in the Senate. Reviewing the available options to the CLARITY Act, Long noted that regulators could seek similar outcomes through rulemaking, but such actions would be temporary, at best.
According to Long, a new administration could reverse such rules through another round of rulemaking. However, putting such rules in statute through Congress would make it harder to change and provide a more permanent structure for the crypto industry.
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