Senate Crypto Bill Revamp Sparks White House Compromise Jitters
A last-ditch effort by two US senators to revise the ethics language in the Clarity Act crypto bill has put a fragile White House compromise at risk, casting doubt over the legislation's fate.
The bipartisan duo is working on language that would tighten limits on crypto activity agreed upon by President Trump, aiming to lock in enough yes votes. The proposed changes target the 'Trump-approved ethics section' of the Clarity Act, which had been seen as a concession to the administration, allowing certain activities under broad regulatory guardrails.
The exact wording is not public, but the intent is to harden the bill's posture before it reaches the floor. This maneuver suggests that the current compromise isn't enough to satisfy concerns about conflicts of interest and regulatory capture within agencies overseeing digital assets.