Analyst Warning: Trump Meme Coin Is the Main Obstacle to the CLARITY Act

Recently, crypto analyst Simon Dedic posted on the X platform that Democrats are opposing the review process of the CLARITY Act using Trump meme coins as an excuse.

The post pointed out that Democrats are citing Trump hosting lavish dinners to promote his meme coin, and retail investors losing a lot of money buying this coin, as reasons to add a "moral clause" to the bill (restricting officials from profiting from cryptocurrencies).

Dedic openly states that this so-called "pro-cryptocurrency president" is actively undermining the legislation urgently needed by the industry for personal gain.

In his view, the reason no one in the industry publicly calls out this malicious behavior is because half of the influential figures in the industry participated in the dinner on Saturday.

At the dinner, these individuals smiled and applauded the person who is only able to delay regulatory policies through meme coins, showing extreme flattery.

Dedic therefore warns that if no one dares to stand up and speak out, this unfavorable situation will remain unresolved, and the industry's development will undoubtedly continue to be hindered.

Currently, the issue of ethical standards has become a common concern among bipartisan figures. Republican Senator Thom Tillis said that if the bill does not include a moral clause, he will switch from supporter to opponent.

Senator Adam Schiff is relatively optimistic, stating that parties are negotiating to narrow differences, but it is still unclear what exactly the moral clause will contain.

Moreover, banks are also exerting ongoing pressure. For example, the American Bankers Association has requested a 60-day extension from the Treasury Department to comment on the implementation details of the GENIUS Act.

White House crypto advisor Patrick Witt even openly stated that the continued lobbying by bankers at the Treasury Department, driven by greed or ignorance, leaves little room for other explanations.

In summary, Trump’s meme coin has created a political leverage for opponents, leading to the CLARITY Act being threatened by a moral clause;

At the same time, traditional financial banking lobbying groups are also continuously pressuring regulators. Under this series of pressures, the current situation of the CLARITY Act has become even more difficult.

#CLARITY Act