Crypto Bill Won't Move without a Ban on Officials' Industry Ties, Says U.S. Senator Gillibrand
Kirsten Gillibrand said the bill also needs consumer protection and illicit-finance safeguards as negotiators race against a shrinking Senate calendar.
- Senator Kirsten Gillibrand, a New York Democrat, stated Wednesday at Consensus Miami that the Clarity legislation will not survive the Senate without an ethics provision banning senior officials from personal crypto interests.
- This provision targets President Donald Trump's business interests, which remains a major sticking point in negotiations. White House officials have denied conflicts, stating they will not tolerate legislation targeting him.
- Gillibrand argued "we cannot let greed and corruption in Washington tear this industry down, and without that provision, that's exactly what will happen." The Senate has about 10 weeks remaining before Congress pivots to midterm elections.
- Summer Mersinger, CEO of the Blockchain Association, suggested legislative windows may not permanently close. "There's a window of opportunity, and that's always important that you, you act when you find that window of opportunity," she said.
- Negotiators are finalizing consumer protection and illicit finance elements for the bill. Gillibrand predicted a final vote could happen in the first week of August, "if we're lucky," before Congress' summer break.
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White House Pushes July 4 Deadline for CLARITY Act as Gillibrand Demands Ethics Clause
The White House is targeting July 4 for Congress to pass the Digital Asset Market Clarity Act, the most ambitious piece of crypto legislation in U.S. history. That timeline came from Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, speaking Wednesday at Consensus Miami 2026. The mechanics, according to Witt: a Senate Banking Committee markup this month, four working Senate weeks in June for a floor vote…
Crypto bill won't move without a ban on officials' industry ties, says U.S. Senator Gillibrand
The Democratic lawmaker has been a negotiator for the Clarity Act, and one of the final sticking points is the crypto constraint on officials, including the president.
Senate Crypto Legislation Hinges on Ethics Rules Targeting Officials' Holdings
Key Takeaways Senator Gillibrand demands ethics language prohibiting senior officials from crypto holdings before CLARITY Act advances Proposed ethics restrictions would apply to Congress members, cabinet officials, president, and vice president Senate floor vote possible before August 10 recess if negotiations conclude within seven days Banking Committee markup hearing remains unscheduled following January postponement Market forecasters estim…
Gillibrand August Vote on Crypto Market Structure Signals Regulation
US Senator Kirsten Gillibrand indicated at the Consensus conference in Miami that the fate of the digital asset market structure bill hinges on lawmakers meeting three practical conditions before the Senate can consider a vote. Speaking on the record, she identified consumer protection, illicit finance controls, and ethics provisions as essential elements that must be addressed prior to any action on the CLARITY Act. She suggested that if Congre…
Senate Eyes August Vote on Crypto CLARITY Act as Gillibrand Flags Insider Trading Risk
Senator Kirsten Gillibrand wants action. The New York Democrat said the Senate plans to vote on the CLARITY Act by… Read the original on Senate Eyes August Vote on Crypto CLARITY Act as Gillibrand Flags Insider Trading Risk. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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