#CLARITY法案进入最后关键阶段 Trump’s crypto gains are the biggest obstacle to the Clarity Act



On July 25, Bloomberg reported that approximately $1.4 billion in gains Trump has earned through his crypto business has become the biggest obstacle to the passage of the Clarity Act. This week, Senate Republicans released a draft aimed at breaking a months-long stalemate, but Democrats and consumer-rights groups immediately criticized that its moral provisions are not stringent enough—unable to stop Trump and his family from continuing to profit from the crypto business.

Trump needs the support of at least seven Democratic senators for the bill to pass. Maryland Democratic Sen. Angela Alsobrooks said that the moral provisions are “key.” The dispute centers on three areas: vesting enforcement power solely in the Department of Justice (excluding oversight by state attorneys general), whether the ethical restrictions cover Trump’s indirect holdings, the fact that the bill does not bind officials’ children, and the provisions automatically expiring on January 20, 2029. Democratic Sen. Ruben Gallego of Arizona and Republican Sen. Thom Tillis of North Carolina said they are exploring compromise options, but Senate Majority Leader John Thune believes it is unlikely the bill will pass before the August recess. In addition, the banking industry also opposes the stablecoin revenue provisions, worrying about deposit outflows. Data from Polymarket shows that the probability of the Clarity Act passing this year has fallen to about one-third.
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#CLARITY法案进入最后关键阶段 Trump’s crypto gains are the biggest obstacle to the Clarity Act

On July 25, Bloomberg reported that about $1.4 billion in profits Trump has earned through crypto businesses has become the biggest obstacle to the passage of the Clarity Act. This week, Senate Republicans released a draft aimed at breaking a months-long stalemate, but Democrats and consumer rights groups immediately criticized its moral provisions as insufficient—unable to stop Trump and his family from continuing to profit from crypto businesses.

Trump needs the support of at least seven Democratic senators for the bill to pass. Maryland Democratic Sen. Angela Alsobrooks said the moral provisions are “key.” The controversy centers on three areas: the Justice Department holding sole enforcement authority (excluding oversight by state attorneys general), whether the moral restrictions cover Trump’s indirect shareholdings, the bill not binding officials’ children, and the provisions automatically expiring on January 20, 2029. Democratic Sen. Ruben Gallego of Arizona and Republican Sen. Thom Tillis of North Carolina said they are studying compromise options, but Senate Majority Leader John Thune said it is unlikely the bill will pass before the August recess. In addition, the banking industry also opposes the stablecoin yield provisions, fearing deposit outflows. Data from Polymarket shows the probability of the Clarity Act passing this year has fallen to about one-third.
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HighAmbition
· 6h ago
To The Moon 🌕
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HighAmbition
· 6h ago
To The Moon 🌕
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· 7h ago
All-in for 🤑
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· 7h ago
DYOR 🤓
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· 7h ago
坚定HODL💎
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· 7h ago
Bull run back fast and return to 🐂
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· 7h ago
坚定HODL💎
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· 7h ago
Buy the dip and enter 😎
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· 7h ago
Get on the bus now! 🚗
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· 7h ago
Just go for it 👊
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