Senate Votes Loom on CLARITY Act Amid Crypto Ethics Row
US Senate is set to vote on September 15 on cloture for the motion to proceed to the CLARITY Act, which would establish federal rules for digital-asset markets. The bill's immediate challenge is agreeing on restrictions for officials whose financial interests overlap with the sector being regulated.
The meeting between Donald Trump and his advisers on September 12 was aimed at discussing government ethics language under consideration for the CLARITY Act. However, it remains unclear whether an agreement was reached before the Senate's upcoming procedural vote.
The proposed restrictions would affect businesses connected to the president's family, including World Liberty Financial and the TRUMP memecoin. The issue gained force after Trump's memecoin income reignited the push for a crypto ethics ban.