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Analysis: Trump's personal interests in the cryptocurrency industry may jeopardize the legislation of the "Clear Act."

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Golden Financial reports that on May 31, Trump’s election as President in 2024 and his embrace of cryptocurrencies are widely seen as a major victory for the digital asset industry, but Trump’s personal interests in the field have sparked some turmoil. As Congress steps up its push for legislation called the Clarity Act—which aims to set rules for digital assets and could trigger a wave of institutional investment—Trump’s ever-expanding cryptocurrency empire has given critics fresh reasons to oppose the bill. With the fall midterm elections approaching, the issue has also grown increasingly thorny. At present, the Clarity Act is awaiting a full vote in the Senate, and lawmakers are still debating whether to include a moral clause that would restrict elected officials from participating in digital asset investments, with Trump’s enormous interests in the cryptocurrency space being one of the sparks behind this debate.
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