Former Fox Business journalist Eleanor Terrett recently shared a post by Donald Trump urging the U.S. Senate to pass the CLARITY Act in honor of the late Sen. Lindsey Graham. Notably, Trump described Graham as “a big supporter” of the legislation.
A Presidential Push
Trump’s post warned that China and many other countries want complete and total control of the crypto space and artificial intelligence. He closed with a direct call to action: “Don’t let China win on either subject.”
Terrett shared the statement on X, bringing it to the attention of the crypto community, including XRP holders who have closely watched the bill’s progress. The CLARITY Act matters significantly to XRP holders because it would classify most non-stablecoin crypto assets, including XRP, as digital commodities under CFTC oversight rather than securities under SEC jurisdiction.
🚨NEW: President Trump says the Senate should pass the Clarity Act in honor of Senator Lindsey Graham, saying the late South Carolina Republican was a “big supporter” of the legislation. https://t.co/M6ERKHuGNR
— Eleanor Terrett (@EleanorTerrett) July 13, 2026
The Political Backdrop
Sen. Lindsey Graham died on July 12 following a brief and sudden illness. He was 71. The South Carolina Republican had just won his party’s primary in June and was expected to win re-election to a fifth term in November.
The president’s public push adds presidential weight to a bill that has struggled to secure the Democratic votes needed to move forward. His decision to tie the legislation to Graham’s legacy applies both personal and political pressure on senators at a pivotal moment. It gives the call added political significance at a moment when the Senate is reassessing its schedule and priorities.
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Where the Clarity Act Stands
The bill has sat on the Senate Legislative Calendar since early June. It cleared the House in 2025, then cleared the Senate Banking Committee 15-9 in May. Since then, no floor vote has been scheduled.
Senators continue negotiating, as Republicans still need votes to pass the bill. Many are looking to early August, hoping for Trump to sign it by then. Republicans hold 53 seats, but the bill requires 60 votes to clear the filibuster threshold.
What the Market is Watching
The Senate returned from recess today. August recess begins August 8, leaving just over three weeks for a floor vote. Several disputes still need to be resolved before that can happen. Analysts have consistently identified this stretch as the last realistic gate for passage in 2026. Missing the August 8 deadline could push the bill into 2027.
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