# Lobbying Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Lobbying", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Local Banks Delay Adoption of the 'Transparency' Law Due to Stablecoin Rewards

Local banks in the U.S. are intensifying lobbying efforts against the proposed CLARITY Act (Digital Asset Market Transparency Act), reigniting debate over provisions related to stablecoin rewards. These smaller, community-owned banks argue that the current version of the legislation would impair their ability to attract deposits and extend credit. Their persistent advocacy has resonated with Republican senators who have personal connections to local bankers, leading figures like Senators Mike Rounds, Josh Hawley, and Jerry Moran to threaten opposition unless the bill is amended to address stablecoin reward concerns specifically. While rewards for holding stablecoins were removed from the bill after earlier compromise, rewards for *using* stablecoins as payment remain permitted. Bankers contend these incentives still create an uneven playing field. This dispute over stablecoin yields compounds another major obstacle for the bill: an unresolved ethics provision requiring White House negotiations. Consequently, despite Senate Majority Leader John Thune scheduling a September vote, the prospects for the CLARITY Act's passage have dimmed as partisan disagreements and these substantive issues appear increasingly difficult to bridge.

cryptonews.ru08/11 10:15

Local Banks Delay Adoption of the 'Transparency' Law Due to Stablecoin Rewards

cryptonews.ru08/11 10:15

If Democrats Regain Majority in House of Representatives, Priority Will Be Investigation of Trump, Not CLARITY Act

If Democrats regain a majority in the House of Representatives in the November midterm elections, their priority is expected to be investigating President Donald Trump's finances and cryptocurrency dealings, rather than advancing the CLARITY Act. Key Democrat Jamie Raskin has labeled corruption around presidential power a "civil emergency" and plans to compel testimony on issues including Trump's crypto earnings, his son Barron's role at World Liberty Financial, and potential emoluments clause violations. Trump reported over $1 billion in crypto income for 2025, largely from 'Celebration Coins' ($TRUMP memecoin) royalties and family-linked crypto ventures. Meanwhile, the CLARITY Act, crucial for crypto market structure, is stalled in the Senate, needing 60 votes to overcome a filibuster. Democrats refuse support unless it addresses Trump's crypto conflicts of interest, proposing ethics provisions. Senators Warren and Blumenthal have also asked the SEC to investigate the $TRUMP memecoin as a potential fraud. Corporate spending on elections by crypto and tech firms exceeds $294 million. Prediction markets now give the CLARITY Act only a 38% chance of passing this year, down from over 80%.

cryptonews.ru08/08 22:14

If Democrats Regain Majority in House of Representatives, Priority Will Be Investigation of Trump, Not CLARITY Act

cryptonews.ru08/08 22:14

Crypto PACs Spent Over $1.5 Million After Losing Michigan Primary

Following a defeat in the Michigan primaries, crypto-aligned political action committees (PACs) linked to Fairshake disclosed over $1.5 million in new spending on advertising for four U.S. House and Senate campaigns in Florida, Alaska, and Wyoming. The Defend American Jobs PAC directed more than $500,000 each to support Nick Begich in Alaska's at-large House district, Republican candidate Sydney Grueters in Florida's 16th district, and Harriet Hageman in Wyoming. Separately, the Protect Progress PAC spent over $50,000 on ads for the re-election of Lois Frankel in Florida's 23rd district. Nearly all supported politicians have previously voted for crypto-related legislation like the GENIUS Act and CLARITY Act. This spending disclosure comes after Protect Progress lost a $2 million media investment in Michigan, where incumbent Democrat Shri Thanedar lost his primary. In the 2024 election cycle, Fairshake and related crypto industry PACs have spent a total exceeding $170 million on congressional races.

cryptonews.ru08/07 13:52

Crypto PACs Spent Over $1.5 Million After Losing Michigan Primary

cryptonews.ru08/07 13:52

Following primary loss, crypto PACs invest $1.5M in 3 US state races

Following a primary loss in Michigan, cryptocurrency-linked Super PACs affiliated with Fairshake invested over $1.5 million in three U.S. state races. The funds, spent by groups Defend American Jobs and Protect Progress, support both Republican and Democratic congressional candidates in Alaska, Florida, and Wyoming. Many of the backed candidates previously voted for crypto-friendly legislation like the CLARITY Act. This spending surge follows a $2 million loss in a Michigan primary. Overall, Fairshake-aligned groups have reportedly spent over $170 million in the 2024 election cycle, aiming to influence the makeup of Congress. The crypto industry's support is tied to lawmakers' stances on digital asset bills, with future votes potentially impacting the 2026 midterm elections.

cointelegraph08/06 21:21

Following primary loss, crypto PACs invest $1.5M in 3 US state races

cointelegraph08/06 21:21

Crypto Advisor Bessent's Tyler Williams Leaves Treasury Department as Voting Time for CLARITY Bill Lapses

Tyler Williams, the chief digital assets adviser to Treasury Secretary Scott Bessent, has left his federal government position and is expected to return to the private sector. His departure came just before the Senate's August recess and before a vote on the key industry bill, the CLARITY Act, which has now expired. Williams was appointed in February 2025 and played a significant role, contributing to a major White House report on digital assets and working on the CLARITY Act. His exit is seen as part of a broader trend of crypto-friendly figures leaving Washington. The CLARITY Act, which aims to clarify regulatory oversight between the SEC and CFTC and protect blockchain developers, faced significant hurdles. With the Senate recess starting August 10th, the bill needed at least seven Democratic votes to reach the 60 required for advancement, but seven Democratic senators blocked it due to ethical and security concerns. Senate Majority Leader John Thune expressed a desire for a vote but did not confirm next steps, and the bill was not on the Senate schedule as of August 3rd. Analysts have lowered the probability of the CLARITY Act passing in 2026 from 50% to 30%. While its failure could negatively impact digital asset markets, support from a coalition including major financial firms like BlackRock and Fidelity persists. Supporters argue the bill has bipartisan understanding among younger lawmakers and should be passed.

cryptonews.ru08/04 09:26

Crypto Advisor Bessent's Tyler Williams Leaves Treasury Department as Voting Time for CLARITY Bill Lapses

cryptonews.ru08/04 09:26

Senate Postpones Vote on CLARITY Act on Monday; Five Days Remain Before Deadline

The US Senate has delayed a vote on the CLARITY Act, a House-passed bill aimed at establishing a regulatory framework for digital assets by dividing oversight between the SEC and CFTC. With only five days left before the August recess, and no vote scheduled for Monday, the bill faces a tight deadline for passage before legislators leave until September 14th. Supporters, including former Defense Secretary Mark Esper, frame the legislation as a national security imperative. However, internal disagreements among senators on enforcement powers, DeFi, AML rules, and stablecoin provisions are causing delays. Industry pressure from entities like Grayscale and Coinbase is intensifying for a pre-recess vote, warning that inaction threatens U.S. competitiveness. Critics, including some Democrats and New York Attorney General Letitia James, argue the bill contains security gaps, weakens state-level enforcement, and raises ethical concerns regarding former President Trump's crypto-related income. If the Senate fails to act by Friday, the bill risks being sidelined by other priorities in the busy election season, prolonging regulatory uncertainty for the crypto industry.

cryptonews.ru08/03 11:56

Senate Postpones Vote on CLARITY Act on Monday; Five Days Remain Before Deadline

cryptonews.ru08/03 11:56

Coinbase Executive 'Steadily Optimistic' About CLARITY Act's Chances of Passage

Coinbase's head of institutional strategy, D'Agostino, expresses steady optimism about the passage of the CLARITY Act, a key digital asset market structure bill. He compares the current chaotic negotiations to those preceding the successful last-minute passage of the 2025 stablecoin $GENIUS Act, suggesting the process is normal. The bill would create the first federal framework, dividing oversight between the SEC and CFTC based on token classification. Coinbase's policy director echoed this, stating substantive issues are resolved. However, market confidence is lower. JPMorgan analysts give it a 37% chance, and prediction markets assign 31%. The bill faces a tight timeline, needing 60 Senate votes before the August 8 recess, with its consideration delayed by other legislative priorities. CEO Brian Armstrong struck a more reserved tone, stating Coinbase would be fine even if the bill fails before the recess, as it already follows many of its proposed practices. He noted a regulatory backup plan exists: the SEC and CFTC could use existing authority to issue their own market structure rules. This plan changes the stakes, as agency rules are easier to revise than passed legislation. Armstrong sees the recess deadline as a useful pressure tactic but indicates the bill's passage is not existential for Coinbase.

cryptonews.ru08/01 19:22

Coinbase Executive 'Steadily Optimistic' About CLARITY Act's Chances of Passage

cryptonews.ru08/01 19:22

CLARITY Act Support Reaches 1 Million 7 Days Before Senate Recess

Stand With Crypto announced that its supporters have contacted lawmakers 1 million times to urge the Senate to pass the CLARITY Act before its August 7 recess. The milestone comes amid ongoing Senate disagreements over enforcement powers, financial conflicts of interest, anti-money laundering measures, DeFi, asset custody, and stablecoin provisions. Supporters frame the bill as a regulatory framework for federal agencies, while critics argue it could hamper state-level investigations and leave ethics gaps. Institutional backing from firms like BlackRock and Fidelity has grown, but Galaxy Research lowered its 2026 passage odds from 50% to 30%, citing disputes, Senate voting hurdles, and a tight legislative calendar. New York Attorney General Letitia James called for stricter crypto oversight, warning the CLARITY Act might limit state action against fraud. Senate Republicans counter that the bill preserves federal anti-fraud powers and extends Bank Secrecy Act rules to crypto intermediaries. A Senate minority analysis concluded the bill's ethics provisions would not affect former President Donald Trump's existing crypto ventures, fueling Democratic calls for broader rules on officials' digital asset holdings. With the Senate's August break approaching, lawmakers must reconcile public and institutional pressure for the bill with demands for stronger state controls, consumer protections, and ethics rules. Passing major legislation requires 60 votes, making bipartisan support crucial ahead of the recess.

cryptonews.ru08/01 09:46

CLARITY Act Support Reaches 1 Million 7 Days Before Senate Recess

cryptonews.ru08/01 09:46

Consumer Technology Association Urges Senate to Vote for CLARITY Act Bill

The Consumer Technology Association (CTA), representing over 1,300 tech companies, is urging the U.S. Senate to pass the CLARITY Act to establish clear federal rules for digital assets. CTA argues regulatory certainty will spur investment, enhance consumer protection, and bolster U.S. leadership in blockchain innovation. The House already approved the bill with bipartisan support in 2025. In the Senate, negotiations are ongoing, with debates centered on ethics rules and market oversight. Senator Cynthia Lummis released an updated bill text, but critics like Senator Elizabeth Warren warn it leaves conflicts of interest unresolved. Political pressure is mounting ahead of a potential vote, with former officials expressing confidence in its eventual passage. A key final debate involves stablecoins, as banking executives warn against allowing payment stablecoins to function like interest-bearing accounts, fearing deposit losses could impact community lending. Advocacy groups are also pledging to score senators' votes on the bill, increasing election-year pressure.

cryptonews.ru07/31 05:23

Consumer Technology Association Urges Senate to Vote for CLARITY Act Bill

cryptonews.ru07/31 05:23

US prosecutors propose changes to CLARITY as voting window narrows: Report

US law enforcement organizations have proposed changes to the cryptocurrency market structure bill known as the CLARITY Act, as the Senate's window to vote narrows before a month-long recess. The groups requested alterations to provisions regarding developer liability within the bill. The White House crypto adviser indicated the proposals do not align with the administration's position. The legislation faces pushback from some Democrats over ethics rules related to former President Trump's crypto investments. Senate leaders have not scheduled a vote, and procedural hurdles make passage before the recess unlikely. A key aspect of the bill would shift primary regulatory authority over digital assets from the SEC to the CFTC.

cointelegraph07/29 19:55

US prosecutors propose changes to CLARITY as voting window narrows: Report