Altcoins News
By Bruce Buterin
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The 60-Vote Problem. The CLARITY Act was always going to be a heavy lift.
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Fairshake's $125 Million Shadow. Fairshake isn't sitting this out. The crypto industry super PAC is sitting on roughly $125…
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Three progressive groups went after Senator Kirsten Gillibrand Tuesday night — and they didn't pull punches.
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The letter's core argument is pretty simple: Democrats can't credibly attack Donald Trump's crypto profits while one of their own lead negotiators has familial ties to the same…
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The CLARITY Act was always going to be a heavy lift. It needs 60 votes to clear the Senate, which means Democrats who haven't already signed on need to be persuaded.
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Bipartisan talks are moving, apparently. Senators Bernie Moreno and Cynthia Lummis are working the White House angle, while Senator Thom Tillis is running a separate negotiation…
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Gillibrand is once again in the middle of it. She brokered the ethics compromise that eventually got 18 Senate Democrats to back the GENIUS Act after months of internal friction.
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Fairshake isn't sitting this out. The crypto industry super PAC is sitting on roughly $125 million, and with the 2026 midterms getting closer, that money matters to both parties.
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More context: Trump Backs CLARITY Act Ethics Clause, Pushing Crypto Bill Toward Senate Floor
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The GENIUS Act fight last year showed exactly how this plays out. Democrats split internally over crypto regulation and Trump's financial ties to the sector.
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Progressive groups aren't buying the idea that a compromise on ethics is inevitable or even desirable.
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What makes the whole situation messier is that the specific ethics language still hasn't been disclosed publicly.
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Related: Coinbase Backs Revised CLARITY Act as 31% Polymarket Odds Expose Trump Ethics Drag
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The Senate's August recess deadline is real pressure, not just scheduling noise. If the CLARITY Act doesn't move before then, it gets pushed into a more complicated fall calendar.
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And Fairshake's war chest isn't going anywhere. $125 million sitting in a super PAC with midterms on the horizon keeps everyone at the table, even when the table is this…
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