{"id":51093,"date":"2026-09-14T20:42:44","date_gmt":"2026-09-14T20:42:44","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51093"},"modified":"2026-09-14T20:42:44","modified_gmt":"2026-09-14T20:42:44","slug":"17-state-attorneys-general-put-the-clarity-act-in-their-crosshairs-after-senators-release-new-version-of-crypto-bill","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51093","title":{"rendered":"17 State Attorneys General Put the Clarity Act in Their Crosshairs After Senators Release New Version of Crypto Bill"},"content":{"rendered":"

\"\"<\/p>\n

A group of bipartisan state attorneys general is wading into the Clarity Act debate as the Senate prepares for an upcoming procedural vote on the controversial crypto market structure legislation.<\/p>\n

U.S. Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis (R-WY) released<\/a> the latest version of the Clarity Act on Sunday, outlining \u201c126 Democrat wins\u201d she says were successfully negotiated by her rival party.<\/p>\n

Among those \u201cwins\u201d is a ban on federal elected officials, senior executive branch employees and federal judges from issuing or sponsoring a digital asset or maintaining a significant financial interest in an issuer of crypto assets.<\/p>\n

That potential regulation is a direct shot at President Donald Trump\u2019s controversial \u201cTRUMP\u201d memecoin, but Lummis notes<\/a> that Trump himself signed off on the new language.<\/p>\n

The new version hasn\u2019t won over all detractors, however: On Monday, a group of attorneys general from 17 states and the District of Columbia penned a letter to Senate Banking Committee Chairman Tim Scott (R-South Carolina) arguing the current iteration of the bill doesn\u2019t do enough to protect crypto investors from scams and fraud.<\/p>\n

\u201cWhile the current draft of the CLARITY Act reserves certain powers for states to prosecute fraud, the language is often ambiguous, unclear, or confined in ways that either create the opportunity to challenge state police powers or outright deprive the states of their ability to continue to combat the scam epidemic. Even though states will prevail in enforcing laws that are not preempted, the benefit of litigation and delay caused by ambiguity accrues to bad actors.\u201d<\/em><\/p>\n

The bill<\/a> would largely place the digital assets under the regulatory purview of the Commodity Futures Trading Commission (CFTC), an agency industry stakeholders believe is friendlier to the sector than the Securities and Exchange Commission (SEC).<\/p>\n

The potential legislation has faced opposition from traditional financial giants and banking associations, who have\u00a0argued<\/a>\u00a0the bill could put financial stability at risk and cause bank deposits to lose ground to stablecoins.<\/p>\n

A procedural vote on the Clarity Act is scheduled for Tuesday; it requires 60 votes and would allow the Senate to debate and consider the legislation in an actual vote.<\/p>\n

Polymarket bettors\u2019\u00a0confidence<\/a> in the Clarity Act\u2019s chances of passing this year has mildly improved this week, with its odds jumping from 17% seven days ago to 26% at time of writing.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Tithi Luadthong\/Natalia Siiatovskaia<\/em><\/span><\/p>\n

The post 17 State Attorneys General Put the Clarity Act in Their Crosshairs After Senators Release New Version of Crypto Bill<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A group of bipartisan state attorneys general is wading into the Clarity Act debate as the Senate prepares for an upcoming procedural vote on the controversial crypto market structure legislation. U.S. Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis (R-WY) released the latest version of the Clarity Act on Sunday, outlining \u201c126 Democrat wins\u201d she […]<\/p>\n","protected":false},"author":1,"featured_media":51094,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51093","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\n17 State Attorneys General Put the Clarity Act in Their Crosshairs After Senators Release New Version of Crypto Bill - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51093\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"17 State Attorneys General Put the Clarity Act in Their Crosshairs After Senators Release New Version of Crypto Bill - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A group of bipartisan state attorneys general is wading into the Clarity Act debate as the Senate prepares for an upcoming procedural vote on the controversial crypto market structure legislation. 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