{
  "id": 18305126,
  "title": "Trump’s memecoin ventures derailed CLARITY Act, Scaramucci says",
  "url": "https://urgent.news/2026/11/05/trumps-memecoin-ventures-derailed-clarity-act-scaramucci-says",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T12:39:36.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/scaramucci-trump-memecoins-clarity-act-failure"
  },
  "original_language": "en",
  "account": "Anthony Scaramucci, founder of SkyBridge Capital, attributed the failure of the CLARITY Act to disputes over ethics restrictions and the memecoin launches by President Donald Trump. Speaking at SALT London, Scaramucci claimed that Trump's crypto business pursuits and the memecoin launches, which occurred shortly before Trump's January 2025 inauguration, eroded bipartisan momentum for crypto regulation following the 2024 election. He attributed the Democratic senators' withdrawal of support to these memecoin activities. The CLARITY Act's failure to pass on September 15 was due to a 49-to-50 procedural vote, falling short of the required 60 votes. The bill aimed to create a federal regulatory framework for digital assets but faced disagreements over ethics provisions. Scaramucci pointed out that lawmakers advocated for stronger ethics restrictions, while the White House opposed them. Both sides shared responsibility for the deal's collapse.",
  "summary": "The SkyBridge founder said disputes over ethics restrictions also stalled negotiations, with both sides responsible for the setback.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}