Trump Allies Push for CLARITY Act Compromise Amid Regulatory Hurdles

The fate of the CLARITY Act, which aims to regulate the cryptocurrency market in the US, remains uncertain as negotiations between lawmakers and the White House continue.

According to crypto journalist Eleanor Terrett, President Donald Trump's closest supporters are working behind the scenes to reach a compromise on ethical guidelines for public officials and politicians in the cryptocurrency sector.

The proposed ethics regulation is expected to include limitations on financial interests of these individuals, but there is no agreement yet on the final scope of the proposal or how it will be incorporated into the CLARITY Act text.