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Trump Ethics

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politics-and-finance1 month ago•0 min saved

Senate Clarity Act Vote Fails, Stalling Crypto Regulation Until 2027

The US Senate failed to advance the Digital Asset Market Clarity Act on Tuesday, with a 49-50 vote falling short of the 60 votes required. The failure stems from Democratic opposition to insufficient ethics safeguards regarding President Trump's crypto holdings. This procedural defeat stalls comprehensive market structure legislation, shifting regulatory momentum to agency-level actions and delaying federal rules until after the November midterms.

via CNBC|

#crypto-regulation #digital-assets #midterm-elections

politics1 month ago•1 min saved

Senate Blocks Clarity Act as Democrats Reject Trump Crypto Ethics Safeguards

The U.S. Senate failed to advance the Clarity Act, a landmark cryptocurrency regulation bill, after a 49-50 vote on September 15. Democrats blocked the measure, citing insufficient ethics provisions to prevent President Donald Trump from profiting from his family’s crypto ventures. While Republicans secured some concessions, including stronger state attorney general enforcement powers, they could not secure the 60 votes needed to proceed. The White House warned that the failure risks ceding global financial standards to foreign competitors, while the crypto industry, which spent over $130 million in the 2024 election cycle, faces indefinite legislative stagnation ahead of the November midterms.

via Politico|

#clarity-act #cryptocurrency-regulation #politics

politics1 month ago•80 min saved

Senate Crypto Bill Clears Ethics Hurdle Ahead of Tuesday Vote

The Senate is set to vote Tuesday on the CLARITY Act, a major cryptocurrency market structure bill, after President Trump agreed to bipartisan ethics provisions. The updated legislation requires federal officials with significant crypto interests to divest or place assets in blind trusts. A key compromise grants state attorneys general the power to enforce the law, addressing Democratic concerns about potential conflicts of interest involving the Trump family.

via AP News|

#clarity-act #crypto-regulation #government-oversight