Chuck Schumer calls Sunday caucus on crypto bill ahead of critical Senate vote

Senate Minority Leader Chuck Schumer convened a Democratic caucus meeting on Sunday, September 13, to hash out the party’s position on the Digital Asset Market Clarity Act, better known as the CLARITY Act. The timing wasn’t subtle. A procedural vote on the sweeping crypto regulation bill is scheduled for September 15, and Democrats still have a list of demands they want addressed before anyone starts counting votes. At the core of the standoff: ethics provisions designed to prevent government officials from cashing in on the crypto boom while they’re in a position to shape its rules. Democrats have pointed specifically to former President Donald Trump’s reported crypto income exceeding $1.4 billion in 2025 as exhibit A for why such guardrails matter. A bill with 100 changes and counting A revised draft of the CLARITY Act was circulated on September 10, incorporating over 100 changes that Democrats had requested during months of negotiations. The sticking points fall into two broad categories. First, the ethics provisions. Democrats want explicit limits on sitting and former officials profiting from crypto ventures. Second, stablecoin yield regulations. Community banks are caught in...