{
  "id": 9559401,
  "title": "How Trump’s crypto winnings undermined the industry’s push for looser regulation",
  "url": "https://urgent.news/2026/09/24/how-trumps-crypto-winnings-undermined-the-industrys-push-for-looser",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T12:45:44.000Z",
  "source": {
    "name": "The Conversation",
    "slug": "the-conversation",
    "url": "https://theconversation.com/how-trumps-crypto-winnings-undermined-the-industrys-push-for-looser-regulation-289123"
  },
  "original_language": "en",
  "account": "The crypto industry saw a chance to push for looser regulation when President Donald Trump began his second term. However, this opportunity turned into a setback due to revelations about Trump's and his family's lucrative crypto ventures. This development prompted the industry to shift its focus towards regulatory measures instead of legislative wins. The Clarity Act, designed to address whether crypto assets should be regulated as securities or commodities, was a significant attempt by the industry to achieve this. However, the growing scrutiny of Trump's conflicts of interest and the prospect of Democratic control over Congress after the 2026 midterm elections and potential White House victory in 2028, cast doubt on the long-term success of these gains. The prospect of stronger oversight and investigations from Democrats could deter the industry's heavy spending on political campaigns. The industry had previously enjoyed bipartisan support for the Clarity Act and had poured millions into lobbying efforts. However, the fallout from the Trump family's crypto wealth undermined the Democrats' initial support for the measure. After several attempts at compromise, the bill failed to gain the necessary 60 votes in the Senate. This outcome leaves the industry uncertain about its next steps, particularly as it prepares for the midterms.",
  "summary": "The crypto industry scored a series of wins in 2025, only to see its top legislative goal fail in 2026.",
  "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."
}