Trump urges Congress to advance “Clarity Act” crypto bill after Senate Banking Committee approval, citing Sen. Lindsey Graham

President Donald Trump called on Congress to pass the “Clarity Act,” a cryptocurrency-focused bill that already cleared the Senate Banking Committee, according to CNBC Politics. Trump’s remarks tied the push to honoring former South Carolina Sen. Lindsey Graham, who has been described by the outlet as a key backer of the legislation.

The bill’s latest procedural milestone, as reported by CNBC, came when the Senate Banking Committee approved the legislation by a 15-9 vote in May. The outlet said the measure advanced with support from two Democrats joining Republicans.

CBNC reported that Trump’s statement followed the committee’s action, framing the next step as moving the bill through the broader legislative process in Congress. The practical effect of the legislation, as characterized by the reporting, is to provide clearer regulatory direction for crypto markets and participants, rather than leaving industry activity to patchwork interpretations.

The “Clarity Act” sits at the center of an ongoing federal debate over how digital assets should be regulated, including which standards should apply to trading, custody, and other services. Committee approval indicates the bill has cleared an initial legislative hurdle and is positioned, at least procedurally, for further movement within the Senate if it is taken up for floor consideration.

Separately, Trump’s call also underscored a broader governing theme in Congress: members and leadership often attempt to pair legislative momentum with tribute to influential lawmakers. In this case, the outlet reported that Trump linked the legislative request to the legacy of Lindsey Graham as an argument for urgency.

As of this writing, an official confirmation of the Senate Banking Committee approval and vote details for the “Clarity Act” was not found in the provided materials through, so additional verification is needed to confirm the bill number, committee record language, and current status beyond the CNBC report.

If Congress continues with the bill, its next steps would typically involve additional Senate consideration (such as further committee action or floor scheduling) and then House review if the Senate version is advanced, followed by a final vote before any presidential signature could make it law.