@ChairmanSelig is establishing clear rules to cement U.S. leadership in digital assets.
This is how America leads the future of crypto technology: regulatory certainty that promotes innovation and protects consumers.
Democrats asked for $150 million in new funding for FinCEN to fight financial crime in digital assets, and even though we included it in the Clarity Act, that didn’t stop Democrats from voting against it.
They had the opportunity to protect Americans from financial crimes and chose not to.
Democrats demanded disclosures for customers to protect their crypto in a broker bankruptcy, giving them the protection FTX customers never had.
Democrats voted against those efforts to protect consumers from another FTX-style bankruptcy loss when they all voted against the Clarity Act.
Wyoming chartered the nation’s first digital asset banks and built a legal framework that has set the standard for digital asset regulation in the United States. I’m very pleased the Wyoming Division of Banking has partnered with the New York Department of Financial Services for streamlined chartering and joint supervision of entities engaged in digital asset activities.
dfs.ny.gov/reports_and_pu…
There are strong bicameral discussions on this issue and Chairman Smith and @RepHorsford have advanced a thoughtful proposal. I am especially pleased that it includes our legislation to fix the gaming losses tax that has harmed Nevada.
Certainty for taxpayers with digital assets is an important issue, and I look forward to working with my colleagues in the Finance Committee on bipartisan solutions.
Democrats wanted the FTC to keep full authority over consumer protection and fraud enforcement for NFTs. The Clarity Act preserves it.
Democrats voted against protecting Americans from NFT scams and fraud.
I commend Senator @SteveDaines for introducing the Aligning Digital Assets with Principles of Taxation Act.
This bill has much in common with the Digital Asset Tax Certainty Act, which passed out of the Ways and Means Committee on a strong bipartisan vote. There is also clear momentum building to deliver tax certainty to digital asset owners and ensure America remains the crypto capital of the world.
Democrats demanded crypto platforms give customers clear, plain-language education on digital asset risks and fraud before they invest. The Clarity Act requires it.
Democrats voted no.
"This bill would also prohibit digital assets. Well, I understand that for investment in cryptocurrency and Bitcoin and everything else, but there is also a digital asset called stablecoins, and this body actually passed that. Stablecoins aren't an investment piece;" [S5224]
Democrats negotiated changes to the Keep Your Coins Act, protecting Americans’ right to hold their own digital assets.
Their edits are in the Clarity Act, but they still voted against protecting Americans’ right to hold their own digital assets.
"One of the reasons some of us on the Democratic side were concerned about some of the cryptocurrency bills is because the method that Hamas uses to evade sanctions is cryptocurrency, and the bill that was brought to this floor did not close that loophole used by Hamas." [S5154]
Tether seemingly has no shame—profiting from insidious use of its stablecoin for money laundering by Iran, drug traffickers & other illicit enterprises. Time to crackdown. wsj.com/finance/curren…
The Trump Admin’s glaring lack of oversight of cryptocurrency issuers has undermined our own national security interests. That is why I am calling on the Dept of Treasury & Justice to immediately investigate Tether & hold it accountable for these potential sanctions violations. hsgac.senate.gov/wp-content/upl…
Democrats demanded a government study on crypto mixers and tumblers, the tools criminals use to launder digital assets. The Clarity Act mandates it.
Democrats voted no on protecting consumers.
Hester Peirce stood up for American innovators long before it was popular, and the digital asset industry owes her a debt it can never fully repay. Thank you, Hester, for years of dissenting against regulation by enforcement and leading the SEC’s Crypto Task Force to bring clear elong. Wishing you all the best in your next chapter.
Democrats demanded that front-end DeFi platforms comply with U.S. sanctions law like every other financial platform. We wrote it into the Clarity Act.
Senate Democrats voted against protecting our national security from sanctioned bad actors using DeFi.
Democrats wanted federal consumer protections for crypto ATMs to protect seniors from scammers. The Clarity Act delivers those comprehensive protections.
Democrats voted no on protecting seniors from ATM fraud.
A bitcoin tax cut that raises money for the Treasury.
New research from @sekreps and Cornell's Tech Policy Institute scores the de minimis exemption in Sen. Lummis's S. 2207, which would exempt bitcoin purchases under $300 from capital gains tax.
Critics warned the exemption would cost the Treasury billions. The brief finds it would instead raise an estimated $859 million over 10 years.
The reason is simple: Only 32 to 56 percent of bitcoin owners report their gains today, so the government collects very little from small purchases now. Meanwhile, the tax and recordkeeping burden stops people from spending bitcoin at all. Remove it, and more transactions happen, generating taxable activity elsewhere in the economy.
The result holds across nearly every scenario tested, and it still holds at a narrower $200 threshold.
Full brief:
Democrats wanted digital asset platforms to be formally classified as financial institutions under the Bank Secrecy Act. The Clarity Act does it.
Democrats voted no.
Democrats asked for major crypto holders to disclose their stakes and report sales to the SEC and the public. It’s in the Clarity Act.
Democrats voted against the same disclosure rules they wrote.
Democrats wanted crypto issuers held to the same fraud liability standard as every other securities filer. The Clarity Act applies Securities Act Section 17(a) liability to digital asset disclosures.
Democrats still voted no.
Democrats demanded audited financial statements for any crypto project raising more than $25 million from the public. It’s in the bill.
Democrats voted against the transparency they asked for.
Democrats wanted exchanges to be forced to delist any digital asset whose issuer breaks disclosure rules. The Clarity Act requires it.
Senate Democrats still voted no.
Democrats insisted the SEC keep full authority to police fraud and market manipulation in digital assets. We preserved it word for word.
Senate Democrats killed the bill that protects investors from fraud.
Democrats wanted the SEC and CFTC to be formally empowered with rulemaking authority to fight insider trading in digital assets. The Clarity Act delivers it. Democrats voted no anyway.
Today’s proposed rule by @fdicgov will breathe new life into the dual banking system. Thank you Chairman Hill for your commitment to state banking, including digital assets and responsible innovation.
Proud of my longtime staffer, Chris Land, for being named one of The Hill's 25 Most Notable Hill Staffers of 2026.
He has led our digital assets efforts and served as the lead policy staffer on the GENIUS Act and Clarity Act negotiations. Congrats, Chris!
thehill.com/the-hill-notab…
A post from @EleanorTerrett referenced Catherine Cortez Masto
Eleanor Terrett
@EleanorTerrett
NEW: A group of seven Senate Democrats, including @gillibrandny, @MarkWarner, @SenRubenGallego and @Sen_Alsobrooks, say they are “committed to working in a bipartisan fashion” to pass the Clarity Act.
The statement comes amid early efforts to restart bipartisan talks and gauge the appetite on both sides for returning to the table and getting the Clarity Act passed before the end of the year, according to three sources familiar with the discussions.
A post from @EleanorTerrett referenced Raphael Warnock
Eleanor Terrett
@EleanorTerrett
NEW: A group of seven Senate Democrats, including @gillibrandny, @MarkWarner, @SenRubenGallego and @Sen_Alsobrooks, say they are “committed to working in a bipartisan fashion” to pass the Clarity Act.
The statement comes amid early efforts to restart bipartisan talks and gauge the appetite on both sides for returning to the table and getting the Clarity Act passed before the end of the year, according to three sources familiar with the discussions.
A post from @EleanorTerrett referenced Cory Booker
Eleanor Terrett
@EleanorTerrett
NEW: A group of seven Senate Democrats, including @gillibrandny, @MarkWarner, @SenRubenGallego and @Sen_Alsobrooks, say they are “committed to working in a bipartisan fashion” to pass the Clarity Act.
The statement comes amid early efforts to restart bipartisan talks and gauge the appetite on both sides for returning to the table and getting the Clarity Act passed before the end of the year, according to three sources familiar with the discussions.
NEW: A group of seven Senate Democrats, including 
