Senate stalls landmark digital assets bill amid record crypto lobbying

Even with more than $225 million spent by the crypto industry to influence Washington since Jan 2025, the Senate has stalled on the Clarity Act, a first-of-its-kind digital assets framework, with no vote scheduled as lawmakers negotiate; the House has passed its version, while Republicans and Democrats clash over bank customer protections, enforcement by Gary Gensler, and ethics rules around Trump’s crypto holdings—a lobbying push that has made crypto donors one of the top funding sources in the 2026 cycle.