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Senate Democrats Consider Withdrawing Support for Clarity Act Over Ethical Guidelines, Vote Expected Next Week

GateNews
Regulation & Policy

According to Politico citing three sources, U.S. Senate Democrats are considering withdrawing support for the Clarity Act if it does not include ethical guidelines for public officials regarding cryptocurrencies. The key dispute centers on whether these rules should be added during the Senate Banking Committee stage or deferred to the general assembly. Democrats, citing concerns about conflicts of interest related to the Trump family’s cryptocurrency business, argue the guidelines must be included before committee approval. A Senate vote is expected next week, with the White House targeting early July for final passage.

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