Clarity Act Deadline Looms as Ethics Provision Debate Continues

A new draft of the Digital Asset Market Clarity Act has been released by Senators, merging two previous versions and adding an ethics provision for the first time.

The bill would bar senior government officials from sponsoring or issuing their own cryptocurrencies in response to President Donald Trump. However, Democrats want a more binding ethics provision that targets Trump directly, while Republicans oppose this.

With only two weeks left before the Clarity Act's passage deadline, the timeline is getting tight. The bill's fate remains uncertain due to the ongoing debate over the ethics provision.