The president tied the crypto market structure bill to the late senator, but the ethics fight blocking 60 votes is unchanged.
Posted July 13, 2026 at 3:42 pm EST.
President Donald Trump on Monday urged the Senate to pass the Digital Asset Market Clarity Act “in honor of” the late Senator Lindsey Graham, tying the crypto market structure bill to the South Carolina Republican who died over the weekend as lawmakers return to a narrow window before the August recess.
In a Truth Social post, Trump called Graham “a big supporter” of the legislation and cast passage as a contest with Beijing. “China, and many other countries, would like to take complete and total control of this major financial ‘happening,’” he wrote in the post, adding, “Don’t let China win on either subject!!!”
Graham, who served in the Senate since 2003, was not among Clarity’s negotiators. He did not sit on the Banking or Agriculture committees this session and cast no vote advancing the bill, though he backed the GENIUS Act stablecoin law last year.
Graham’s death cut Republicans’ Senate majority to 52-47, and with Senator Mitch McConnell also hospitalized, the party has little margin to spare. But the bill’s central obstacle predates the weekend: clearing a filibuster takes 60 votes, and Senate Democrats have refused to supply them without conflict-of-interest language covering the president and his family after Trump’s 2025 financial disclosure showed at least $1.4 billion in crypto income.
New bill text is expected this week, but still carries no ethics provision, The Block reported Monday, citing a source familiar with the matter. Senator Elizabeth Warren said in a Monday letter to Senate leaders that the text has “significant flaws,” pressing for language barring the president, vice president, senior officials and their families from profiting off crypto.
The House passed its version 294-134 last July, and the Senate Banking Committee advanced the bill 15-9 in May, but it has sat on the calendar since. Backers amplified Trump’s push. White House crypto adviser Patrick Witt said lawmakers “cannot afford to delay any longer.” Senator Cynthia Lummis wrote that Graham “was passionate about ensuring that American leadership stayed at the forefront of everything – including digital assets.”
The Senate has about four weeks in session before the August break.
Related Listen: Coinbase’s Chief Policy Officer on Why He Believes the Clarity Act Will Pass
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
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