COINTELEGRAPH · 2026-11-05 12:40 UTC

Trump's memecoin ventures derailed CLARITY Act, Scaramucci says

Anthony Scaramucci blamed Trump's memecoin launches for derailing the CLARITY Act, saying they caused Democrats to withdraw support for crypto regulation legislation. The Senate failed to advance the CLARITY Act on Sept. 15 with 49 votes in favor and 50 against, needing 60 votes; disagreements centered on ethics provisions restricting government officials' crypto interests. Public Citizen estimated investors lost at least $4.7 billion in Trump-related crypto ventures, with Trump earning $635 million in memecoin licensing fees in 2025.

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