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Crypto

White House says ethics provisions are sufficient, Democrats say still not enough as CLARITY Act dispute continues

The U.S. Senate\'s CLARITY crypto market-structure bill has hit renewed hurdles as Republicans and Democrats remain divided over ethics provisions. Republicans unveiled revisions barring senior officials from issuing or sponsoring digital assets and requiring disclosures for sales above $1,000. Democrats said safeguards on ethics, illicit finance and conflicts of interest remain insufficient. The White House said differences have narrowed, but votes remain uncertain ahead of the August recess.

Crypto

White House accepts Clarity bill ethics clause, easing key hurdle to Senate vote

U.S. President Donald Trump has agreed to an ethics provision in the Clarity cryptocurrency regulation bill, easing a major obstacle seen as critical to a Senate vote. The bill aims to set a comprehensive framework for the U.S. crypto industry and clarify the jurisdictions of the SEC and the CFTC. Negotiations over restricting conflicts of interest for public officials had dragged on for months. The timing of final bill text and the Senate floor vote remains uncertain.

Crypto

Three U.S. Democratic senators publicly oppose Clarity Act, raising Trump crypto conflict of interest

Three Democratic U.S. senators have publicly opposed the Clarity Act, a digital asset market structure bill, saying moving it without provisions to block President Donald Trump and his family from profiting from crypto would protect his private interests. The stance matters because the bill needs 60 votes to overcome a filibuster, requiring at least seven Democratic votes. Disputes over ethics language and conflict-of-interest safeguards have added uncertainty to the timing and prospects for passage.