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Congressional Daily Record
This section covers nominations, confirmations, or other executive branch business. It mentions members such as Bernardo Moreno.
Official title: Digital Asset Market Clarity Act (Executive Session)
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September 15, 2026
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Download official Senate Record PDFReturn to issue contextMr. MORENO. Madam President, like for you, although you are newer, there are probably a lot of things you thought about that the U.S. Senate does or doesn't do, and there is probably a process of exploration: How does all of this actually work?
really taken the time to learn, not just what the procedures of the Senate are but trying to actually understand: What were our Founders thinking when they created these processes?
what we are actually supposed to be doing right now is debating as to whether we should confirm Matthew Byrne to be a judge in Ohio. Yet, I guarantee you, there hasn't been a single word about whether Matthew Byrne is fit to be a Federal judge or not. And, I will tell you, he absolutely is—because one of the things that we have done as a collective body is abandoned the principles of how this place is supposed to work.
We have a vote at 2:15 p.m. today that is a cloture on the motion to proceed. I am sure everybody in the Gallery knows exactly what that means. I am sure they don't.
considered in the U.S. Senate, that there would be a robust debate as to whether a bill should be considered or not.
And those of you watching on C-SPAN are just seeing me. What you are not seeing is what the people in the Gallery are seeing, which is that I am the only one in the Chamber.
actually never started. So in the most ironic twist, what we are going to vote on at 2:15 today is whether we should consider this bill or not. And if the answer is that we are not, it says we should continue to debate this bill. But we have never started debating it publicly so the American people get to hear both sides of this argument, not a 30- second sound bite on X or a 45-second interview on CNN or FOX News, but an actual thoughtful debate and exchange of ideas.
republic, and those principles mean that we strengthen our institutions; we follow the process as outlined.
What I am asking my colleagues to vote for at 2:15 p.m. is to say: Yes, we should consider this bill. It doesn't mean you should pass it. It doesn't mean you support it. But we should end the debate as to whether we should even consider it. That is the entirety of the vote.
President, the one behind the Bible—says there are 30 hours of robust debate.
Chamber. Instead, what we get is sound bite after sound bite after sound bite—speeches that were written by staff that are read in this Chamber for the idea that you can clip it for social media. That is not what the American people deserve, nor is it what they want.
that becomes normal. You get to the point where it is just normal to do things a certain way.
Why don't we just go back to the original intent of this place?
which never started—and then have 30 hours. Senators here can come to the floor. People in the Gallery, people at home can hear an actual debate. If, for example, you think that the Clarity Act doesn't go far enough for law enforcement, let's hear one point of view, and let's hear the other side give an alternative point of view—not because you have written down talking points, but actual arguments that come from a position of knowledge.
Let's give the American people the opportunity to hear this debate. And if at the end of that, there isn't 60 votes to end the debate, then the bill dies. But if there is enough debate that has been heard, we say: OK, now it is time to actually get on the bill and actually pass it or start the process of passing it. There is an amendment process that can exist where people can offer ideas.
certain, in your background, your No. 1 issue in life wasn't digital assets. You did a lot of other amazing things in your career and life and really helped people. So the idea behind that is to really understand it to know what the issues are.
But here is what we do agree on, Republicans and Democrats: This industry does need regulation. There is no regulation today for the digital assets industry. The industry is begging for regulation.
Think about how crazy that is. Typically industries are like: Yeah, you know what? Leave us alone. We don't want the government in our business.
They want clear rules of the road. They want to be able to develop innovative products that help average Americans take advantage of their being able to earn money, earn rewards on their money, be able to be more efficient when they transact. That is what working Americans want. They want to see their government work.
need regulation. That is not the debate. The debate is how we do that. Well, that is what we created. We spent 18 months—18 months, including with the Presiding Officer's brother, in many meetings where we crafted a bill that started as 300 pages. It is now over 600 pages.
600 pages. They may not even know what is in the bill.
We all know the famous line: We will find out what is in the bill
after we vote for it. Terrible.
is to regulate the digital assets industry.
At 2: 15 p.m., we are going to say: Let's end the debate. Let's
consider this bill. Let's move this forward.
ending the debate, and then, since we didn't have a debate, let's actually have one before we consider final passage, and respect the institution that all of us are—at least I know I am—honored to be a part of.