Trump Administration's All-Out Effort for '60 Votes' on CLARITY Act... Accepting 95% of Democratic Demands

▲ Trump Administration, All-Out Effort for '60 Votes' on CLARITY Act... Accepting 95% of Democratic Demands / AI Generated Image ©

Ahead of the Senate procedural vote that will determine the fate of the US cryptocurrency market structure bill, the CLARITY Act, the Trump administration has launched a last-minute effort to secure votes. With President Donald Trump reportedly accepting additional ethics regulations and Republicans agreeing to approximately 95% of Democratic demands, securing Democratic votes for the bill's advancement has emerged as the biggest variable.

According to the cryptocurrency media outlet Finbold on September 15 (local time), White House cryptocurrency advisor Patrick Witt stated at a Solana Policy Institute event in Washington on the 14th that he views the possibility of the CLARITY Act passing “very positively.” He emphasized that while disagreements remain regarding ethics regulations and stablecoin regulation, significant efforts have been made to resolve the issues raised so far. The Senate is scheduled to hold a procedural vote on the 16th, and 60 votes are needed to overcome a filibuster and advance the bill.

According to Witt, President Trump personally approved additional ethics regulations after reviewing the relevant provisions with his staff last Friday. The White House considers the latest bill to be virtually the 'best and final offer,' and Republicans have accepted approximately 95% of the Democrats' demands. Democrats have long called for stronger safeguards to prevent the Trump family and high-ranking federal officials from profiting through cryptocurrency businesses.

The amendment reportedly includes provisions allowing state attorneys general to take action against federal officials for ethics violations. However, it does not grant the authority to directly target the President, Vice President, members of Congress, or federal judges. Democratic staff on the Senate Banking Committee still maintain that the regulations are insufficient, arguing that presidential appointees could exert too much influence during the enforcement process. In response, Witt urged that the bipartisan bill should now be addressed, stating that the White House and Senate Republicans have consistently responded to Democratic policy demands throughout negotiations that have lasted over a year.

The outcome of the vote remains uncertain. This is due not only to opposition from Democrats but also ongoing criticism from the banking sector regarding stablecoin compensation. The Trump administration has launched a last-minute persuasion effort to secure additional Democratic support, but even if the procedural vote passes, the bill will not be immediately finalized.

Finbold reported that even if the CLARITY Act passes this procedural vote, it will require further amendments and House approval, which could lead to new delays in the legislative process. Ultimately, whether President Trump's acceptance of additional ethics regulations and the inclusion of 95% of Democratic demands, a last-minute strategic move, will lead to securing the necessary 60 votes in the Senate is the key point to watch for determining the bill's next steps.

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