The US Senate is expected to soon vote on a comprehensive bill establishing market structure rules for digital assets, with support from Republican lawmakers, while some Democrats continue to call for ethics legislation.

At Tuesday’s news conference, Senators Chris Murphy, Jeff Merkley and Chris Van Hollen spoke together with representatives of Americans for Financial Reform and Indivisible and Hollywood actor Ben McKenzie in opposition to the Digital Assets Transparency Act (CLARITY). Lawmakers said the bill does not address what they call “[Donald] Trump’s Cryptocorruption,” referring to the US president’s ties to the industry through his memecoin, his family company World Liberty Financial, and other companies and investments.

“There is no reason to enact a new regulatory regime for cryptocurrencies if that regime fails to stop Trump’s industry-wide corruption,” Murphy said. “This bill is worthless if it protects Trump’s domination of an industry over which he will have greater control. In fact, the bill itself is fundamental corruption if it gives Trump’s corruption legal protection.”

Senator Chris Murphy (third from left) addresses the press on Tuesday with Senator Chris Van Hollen (left). Source: Chris Murphy

The CLARITY Act has been under discussion in the U.S. Senate since it was passed by the House of Representatives almost a year ago this week as part of the Republicans’ “Crypto Week” program, during which the GENIUS Stablecoin Act was also signed into law. For the bill to pass the Senate and return to the House of Representatives, it must reach a 60-vote threshold, meaning some Democrats will have to support the legislation with a slim majority of Republicans in the chamber.

Related: ABA, State Banking Groups Rollback Stable Coin Yield Regulations Under CLARITY Act

Van Hollen, Murphy and Merkley are not the only Senate Democrats who say they will not support the bill without an explicit exception for ethical reasons after Trump revealed that he made $1.4 billion from his crypto ventures in 2025. Senator Elizabeth Warren, who has been outspoken in the chamber against many cryptocurrency-related issues, also stated that called for laws to deal with what she called “brazen financial corruption.”

Despite opposition from many lawmakers, the CLARITY Act has the support of two law enforcement organizations. The National Organization of Black Law Enforcement Officers and the Federal Law Enforcement Officers Association have supported the cryptocurrency bill, saying it will help address crime related to digital assets.

The Senate Majority Leader says the vote will take place before the August work period

John Thune, Majority Leader of the US Senate, he promised According to Bloomberg, hold a vote on the cryptocurrency bill before the chamber adjourns for state work on August 10. The exact date of the vote was not available in the Senate calendar as of Tuesday.

The CLARITY Act already has the support of Trump, who on Monday called on Senate members to pass the bill “in honor” of Senator Lindsey Graham, who died over the weekend. The president said the South Carolina lawmaker was a “huge supporter” of the legislation, but it does not appear that Graham has made any public statements directly supporting CLARITY.

The senator’s death left Republicans in the chamber with a 52-47 majority, and with Sen. Mitch McConnell still in the hospital Tuesday, the party could only have 51 lawmakers at the time of a potential vote.

Senator Cynthia Lummis, one of CLARITY’s supporters in Congress, he said on Monday that lawmakers would release the text of the bill “in the next few days.”

Warehouse: The Crypto CLARITY Act faces a partisan ethics fight in the Senate