The CLARITY Act has stalled for a year; ethical controversy has become the biggest stumbling block. The Trump family’s investments really have made it difficult for both parties to act, and hopefully the New York hearing can help break the deadlock.

Bijie.com reports that the CLARITY Act is approaching its one-year anniversary since it passed the House of Representatives, while the Senate has not yet voted. Arkansas Congressman French Hill said that ethical controversies are the main obstacle, while CFTC Chair Michael Selig noted that investments by the Trump family raise ethical issues that could undermine the chances of bipartisan agreement. Hill praised bipartisan cooperation and hopes to reach a consensus as soon as possible; if it had been passed last summer, it would have eased concerns and improved market transparency. He also said that hearings in New York will highlight the necessity of a market framework.