White House agrees to ethics provision in crypto bill
Negotiators settled a conflict-of-interest provision, but Democrats say they still need details before the crypto market structure bill can advance.
- On Tuesday, the White House urged Senate Democrats to accept an ethics deal President Donald Trump negotiated with Republicans, aiming to finalize the stalled Digital Asset Market Clarity Act.
- Following Trump's disclosure of more than $1 billion in crypto income last year, negotiations stalled as Democrats demanded rigorous ethics oversight to address his direct financial ties to the industry.
- Senator Angela Alsobrooks criticized relying on the Department of Justice for enforcement as "unserious," citing Trump's personal lawyer, Todd Blanche, undergoing confirmation to lead the department.
- Republicans and White House allies launched a campaign framing Democrats as the obstacle, with a White House official claiming Democrats "were never serious about a legislative outcome."
- Time is running out to finalize the bill, as the Senate has fewer than three weeks to secure a floor vote before lawmakers leave for reelection campaigns.
16 Articles
16 Articles
Trump accepts sweeping crypto ethics rules to rescue CLARITY Act
The White House has accepted what it calls the most extensive federal ethics restrictions ever proposed as the CLARITY Act seeks the Democratic votes needed to clear the Senate’s 60-vote threshold. Punchbowl News reported on Tuesday that White House officials…
The US President approves an ethical clause for the Clarity Act. However, the dispute over the control by the Department of Justice threatens the U.S. crypto reform. Source: BTC-ECHO BTC-ECHO
Trump Backs CLARITY Act Ethics Clause, Pushing Crypto Bill Toward Senate Floor
The White House just cleared one of the last big roadblocks for the CLARITY Act. Donald Trump personally approved the… Read the original on Trump Backs CLARITY Act Ethics Clause, Pushing Crypto Bill Toward Senate Floor. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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