President Donald Trump urged the Senate to pass the CLARITY Act, adding White House pressure behind the crypto market structure bill as lawmakers enter a critical stretch of negotiations.

“In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act,” Trump said in a Truth Social post Monday.

“China, and many other countries, would like to take complete and total control of this major financial ‘happening,’ as well as A.I., where we are now leading, but where they are fighting hard. Don’t let China win on either subject,” he added.

The statement followed Graham’s death on Sunday at age 71. The South Carolina Republican had become one of Trump’s closest allies in the Senate.

Trump’s intervention comes as lawmakers prepare to release a new version of the CLARITY Act that combines legislation approved by the Senate Banking and Agriculture committees.

The Senate Banking Committee advanced its version in May by a vote of 15 to 9, with Democratic Senators Ruben Gallego and Angela Alsobrooks joining Republicans. Both lawmakers said their committee votes did not guarantee support on the Senate floor unless remaining concerns were addressed.

The legislation would divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission while establishing registration, disclosure, and consumer protection requirements for crypto companies.

Negotiators are targeting possible Senate action during the week of July 20. The bill would need at least 60 votes to overcome a filibuster, requiring support from several Democrats.

Ethics restrictions remain one of the main unresolved issues. Democrats are pushing for provisions that would limit the ability of the president, vice president, senior administration officials, lawmakers, and their families to maintain financial ties to crypto businesses.

The dispute intensified after Trump’s annual financial disclosure showed that he earned more than $1.4 billion from his family’s crypto ventures during 2025, including income tied to World Liberty Financial and Trump branded tokens.

The latest draft could be released this week, although negotiators have yet to secure the Democratic support needed to move the bill through the Senate.