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The U.S. Senate has added 126 Democratic amendments to the CLARITY Act, including one of the most debated proposals: limiting crypto-related earnings for senior government officials.
Under the proposed rules, the President, Vice President, members of Congress, federal judges and their spouses could face restrictions on holding major stakes in crypto companies or making money from launching or promoting tokens.
The bill would also clarify that miners, validators and software developers are not required to register as financial intermediaries, while giving the CFTC stronger oversight of parts of the crypto market.
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