All articles tagged with #ethics provisions
Republican senators warn the bipartisan cryptocurrency regulation bill is likely to fail next week as Democrats demand an ethics provision governing the president and family; the White House pushes for passage, but if no agreement is reached, the bill could collapse, potentially affecting crypto-industry spending in elections, though some senators say crypto is not a top voting issue.
Progressive groups launched a sharp critique of Sen. Kirsten Gillibrand as she brokers a compromise on the CLARITY Act’s ethics provisions, arguing her ties to the crypto industry and her son’s involvement undermine Democratic credibility. Gillibrand supports a ban on elected officials and spouses issuing their own digital assets; Republicans, the White House, and the crypto industry are racing to secure 60 votes, with the ethics language remaining the main obstacle to a deal amid heavy industry fundraising and ongoing negotiations.