Senate Crypto Bill Hangs in Balance Over Ethics Dispute

A bipartisan bill aimed at regulating the US crypto market structure, known as the CLARITY Act, is likely to fail when the Senate returns next week.

The holdup stems from a disagreement over ethics language covering the president and his family, according to Senate Republicans.

Sen. Mike Rounds (R-SD) stated, 'Does not look good right now.'

Senate Republicans expressed concern that without White House interest in bridging the ethics gap, the bill will fail.