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Crypto

Hoskinson says Trump should step back from crypto market

Cardano founder Charles Hoskinson said a sitting president should not participate directly in the cryptocurrency market, arguing that U.S. President Donald Trump’s involvement in crypto businesses fuels conflict-of-interest concerns. The comments followed Senator Elizabeth Warren’s opposition to a revised Clarity bill, which she said does not adequately prevent Trump from profiting while in office. Republicans have proposed an ethics amendment, but the bill’s passage and timing remain uncertain.

Crypto

Warren says CLARITY bill helps criminals, cartels and fails to stop Trump profiting

A dispute over the U.S. Senate’s digital asset regulation bill, the CLARITY Act, is intensifying again. Democratic Senator Elizabeth Warren criticised the bill, saying it would make it easier for criminals, cartels and terrorists to move money and raise funds, and would not properly protect investors or the financial system. She also said it fails to prevent President Donald Trump from profiting from crypto. Republicans say revisions include an ethics clause banning federal officials and their families from issuing or sponsoring digital assets.

Crypto

U.S. Senate Republicans unveil Clarity Act revision banning federal officials from issuing tokens

U.S. Senate Republicans unveiled a revision to the digital asset market structure bill known as the Clarity Act that includes an ethics provision banning the president and all federal officials from issuing or sponsoring tokens until 2029. The draft also restricts crypto platforms from listing assets issued or backed by federal officials. Enforcement would be handled by the Justice Department. The bill’s Senate prospects remain uncertain and would require some Democratic support.