The CLARITY Act seeks a federal regulatory framework for digital assets and has gained some cross‑party traction in the Senate Banking Committee, with Democratic support and Republican backers.

A proposed amendment to bar members of Congress and top officials and their families from owning or affiliating with crypto firms drew support from Van Hollen but did not pass in committee.

Fairshake declined to comment when contacted for this story.

Data from the Federal Election Commission underpins the reporting, with ongoing uncertainty until after the election as disclosures continue.

analysts say the CLARITY Act is stalled in the Senate and its passage before the elections is uncertain, with Democrats skeptical about its sufficiency to prevent politicians profiting from crypto.

Trump and his family are cited as stakeholders in World Liberty Financial, prompting Democratic concerns about conflicts of interest and ongoing calls to keep related provisions in a final bill.

The broader political frame is a battle over regulatory clarity, consumer protections, and the influence of industry money on legislation, with negotiations continuing.

Crypto firms are spending a record amount to influence the 2026 US midterms, totaling about $189 million by late June and positioning the sector as the largest corporate political spender of the cycle.

Top crypto funders include Andreessen Horowitz, Ripple Labs, Foris DAX (Crypto.com), and Coinbase, identified by Public Citizen as leading PAC contributors.

The spending surge follows a record 2024 cycle that helped make Congress more receptive to digital asset legislation, with super PACs playing a central role and Fairshake raising about $82 million so far this cycle.

Disclaimers note the information is for informational purposes and advise readers to do their own research before investing.

Democrats remain divided over crypto regulation, with some progressives worried about industry money shaping primaries and policy, while others push for pragmatic regulation.