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Crypto industry seeks durable rules as Congress weighs stablecoin and market acts
Corporate crypto political donations totaled $344 million over the 18 months through June, as lawmakers prepare votes including a Sept. 15 cloture decision on the CLARITY Act.
Corporate political donations tied to crypto have surged, reaching a record $646 million over the 18 months through June, according to Public Citizen analysis of FEC filings, with crypto political spending totaling $206 million and crypto, AI, and online betting combined accounting for $344 million, more than half of the total.
The push for legislation comes as existing frameworks take shape, including the GENIUS Act creating a federal regulatory framework for payment stablecoins, while the SEC rewrites crypto rules under Chair Paul Atkins and the CFTC seeks to bring more digital asset trading onshore, according to CryptoSlate.
Crypto industry backers say the next priority is making today’s regulatory wins permanent, warning that rules that shift with each administration can directly affect where capital goes. SEC Chair Paul Atkins said Aug. 18 that legislation is still indispensable to creating “future-proofed” rules, so a future regulator cannot simply undo the current SEC work.
In Congress, the Senate faces a Sept. 15 cloture vote on a motion to proceed to the CLARITY Act, a procedural step that requires 60 votes to limit debate. The House passed the CLARITY Act 294-134 in July 2025, and the bill would set up a system for the SEC and CFTC to jointly regulate the offer and sale of digital commodities, aimed at resolving jurisdictional disputes that have defined crypto lobbying.