President Donald Trump on Monday urged Congress to pass a key cryptocurrency bill to honor the late Sen. Lindsey Graham, R-S.C., who supported the measure.

"In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act. 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 posted on Truth Social.

The Clarity Act has already passed the House, but has not cleared the upper chamber. The bill would set forth some of the first comprehensive cryptocurrency regulations in the country.

It would also ban a central bank digital currency.

Ben Whedon is the Chief Political Correspondent for Just the News. Follow him on X.