Senate Democrats call for hearings into Trump’s ties to crypto amid CLARITY Act discussions

Senator Richard Blumenthal, one of the Democrats who called for hearings into Trump’s ties to crypto, speaks to CNN’s Anderson Cooper on Thursday. Source: Richard Blumenthal As members of the minority in both the Senate and House of Representatives, Democrats have less authority to hold their own hearings and oversight without Republican support. However, Senate rules require 60 votes to end a filibuster and advance a bill, meaning that Republicans will need help from some Democrats to pass CLARITY. Related: Donald Trump says ‘nothing wrong’ with $1.4B crypto windfall while in office Some Senate Republicans, like Cynthia Lummis, continue to push for CLARITY to pass even as many Democrats signal they will withhold support without clear ethics provisions. Representative French Hill, who chairs the House Financial Services Committee and helped the bill pass in the House in 2025, said that Trump’s ties made passing legislation “more complicated.” The notice from Democrats came just hours before a bill barring the Federal Reserve from issuing or creating a central bank digital currency (CBDC) until Dec. 31, 2030, is expected to become law on Saturday. Trump canceled the signing ceremony for the bipartisan housing bill containing the CBDC ban and did not issue a veto of the legislation, leaving the measure to automatically become law after 10 days. Magazine: Crypto’s CLARITY Act faces partisan fight over ethics on Senate floor More on the subject