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Clarity Act faces unresolved hurdles and tight timeline as Senate vote approaches

By

Jesse Hamilton

1d ago· 4 min readenNews

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.

Source

Twitter / XClarity Act faces unresolved hurdles and tight timeline as Senate vote approachescoindesk.com

Key quotes

· 3 pulled
The 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
Snippet from the RSS feed
Tough negotiations linger in several difficult arenas, but crypto's Washington lobbyists are flying in allies this week and still hoping for a July vote.

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