Galaxy founder slams Trump: Is the CLARITY Act stuck not because of the Democrats, but because Trump doesn’t want it to pass? In 2024, the Republican Party reaped massive benefits from the crypto industry’s political shift, with Trump securing significant funding and voter support through crypto. But now that the CLARITY Act is in its final stages, there’s concern that Trump doesn’t want it to pass too quickly. If the bill passes now, Trump gets a policy win. If the bill is stalled until the midterms, the Republicans can shift all the blame onto the Democrats and continue telling crypto voters that it’s the Democrats blocking regulatory reform. One of the core controversies this time is Trump’s own conflict of interest in crypto. The Democrats are pushing for stricter ethical restrictions, and Republican Senator Thom Tillis has worked with Democrats to promote a compromise. Trump himself has issued TRUMP and MELANIA meme coins, and his family is deeply involved in World Liberty Financial. This raises the tough political question of whether a president can set crypto rules while profiting from crypto businesses at the same time, making it the biggest hurdle for the CLARITY Act. Galaxy founder Novogratz even directly called out the crypto industry: If the Republicans don’t bring the bill to a vote but keep blaming the Democrats, then stop giving these people money. The Senate has already missed the window to vote before the August recess. Majority Leader John Thune has initiated procedures to continue pushing it forward after the Senate reconvenes in September. The CLARITY Act is no longer just about regulatory provisions—it’s becoming a political card for both parties to fight over crypto funding and votes ahead of the 2026 midterm elections.