Altcoins News

Story: CLARITY Act Hits Senate Wall as 18 State AGs Demand Rejection

By Bruce Buterin

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What the AGs Actually Fear. The attorneys general aren't just grumbling. They put their concerns in writing, arguing the…

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The Ethics Compromise That Got Trump On Board. Before the AG opposition became the headline, there was a different story: President Trump agreed…

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What the CLARITY Act Actually Does. Strip away the politics and the bill is basically trying to answer a question the crypto industry…

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Eighteen state attorneys general want the CLARITY Act dead. Led by New York AG Letitia James, they sent a letter to Senate Banking Committee leaders urging senators to vote…

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The Senate procedural vote is set for Tuesday. Senate Majority Leader John Thune filed the cloture motion last month after lawmakers failed to push the bill through before the…

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The attorneys general aren't just grumbling. They put their concerns in writing, arguing the CLARITY Act's language is ambiguous enough to either challenge state authority or…

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Worth noting: the revised bill does give state attorneys general a role in enforcing the new ethics restrictions. The AGs don't seem impressed.

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The core tension here is federal versus state regulatory power — a fight that's older than crypto itself. States want to keep their ability to move fast on bad actors.

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Before the AG opposition became the headline, there was a different story: President Trump agreed to about 80% of a bipartisan proposal put forward by Republican Senator Thom…

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The Tillis-Gallego proposal mandates that public officials with significant financial interests in a crypto issuer either divest those interests or put them in a blind trust.

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More context: Letitia James Leads 17 AGs to Block Crypto Clarity Act Vote in Senate

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So the compromise moved some Democrats. It didn't move the AGs.

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Strip away the politics and the bill is basically trying to answer a question the crypto industry has been asking for years: when is a crypto asset a security, and when is it a…

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The CLARITY Act wants to draw a clear line. It sets out a federal market structure for digital assets, specifies the conditions under which crypto falls under securities or…

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That argument has legs. Regulatory uncertainty has pushed some crypto activity offshore, and a federal framework could change that.

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