Clarity Act faces unresolved hurdles and tight timeline as Senate vote approaches
By
Jesse Hamilton
Summary
The Clarity Act faces unresolved negotiations in its final weeks before a potential July vote, with key sticking points including ethics provisions that could affect Donald Trump's crypto holdings (World Liberty Financial, Truth Social ties, and his memecoin). Three other distinct Democratic concerns remain unsettled. Crypto lobbyists are mobilizing allies in Washington to push for passage.
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Key quotes
· 3 pulledThe Clarity Act is coming down to the wire, with a lot of big-ticket items unresolved.
Were the restrictions to affect Trump, it's also unclear how easily the president could extract himself from a complex web of crypto involvement, including digital-asset elements of his stake in World Liberty Financial, the crypto ties of other businesses such as Truth Social and his namesake memecoin.
Even if the ethics provision is worked out, there are three other distinct negotiations still weighing on the Clarity Act process: settling remaining concerns of Democrats from the Sena
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