Trump-Backed Crypto Bill Faces Growing Doubts in Congress

The cryptocurrency industry is entering September with the fate of a major US regulatory bill uncertain, as lawmakers prepare for a key vote on the Clarity Act, according to CNBC.

The legislation would establish rules for digital assets, divide regulatory responsibilities between the SEC and CFTC, and strengthen registration and anti-money-laundering requirements. A procedural Senate vote is scheduled for September 15 after lawmakers return from recess.

Crypto-backed groups spent more than $200 million during the 2024 election cycle seeking friendlier regulation. While the SEC and CFTC have adopted more accommodating approaches under Trump, executives say formal legislation remains important for long-term certainty and investment.

CNBC reported that the industry is preparing to continue operating even if Clarity fails.

Related Tweet:

Crypto enters September with legislative policy gamble hanging by a thread https://t.co/5MMvpC2jHl

— CNBC (@CNBC) September 1, 2026

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tippinsightsTIPP Staff