Senators weigh stricter CLARITY Act crypto limits
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- US senators are considering stricter ethics rules for the Digital Asset Market Clarity Act.
- The proposal could tighten limits on President Donald Trump's crypto activities to win Democratic support.
- Lawmakers are still negotiating as the Senate races to consider the bill before its summer recess.
US senators are discussing tougher ethics rules for the Digital Asset Market Clarity Act after some Democrats rejected an earlier compromise on President Donald Trump's crypto interests.
The latest talks focus on strengthening restrictions that would apply to senior government officials, including the president, as negotiators try to secure enough bipartisan votes to advance the bill.
The current draft would temporarily prevent senior officials from issuing or sponsoring cryptocurrencies, but some senators argue the proposal needs stronger enforcement and broader restrictions.
The negotiations show lawmakers are still trying to reach a compromise before the Senate's summer recess, although Senate leaders have warned the timetable remains tight.
The CLARITY Act would establish a clearer regulatory framework for digital assets by defining the roles of federal agencies that oversee the crypto industry.
The bill has become a central part of the US crypto policy debate, but disagreements over ethics provisions continue to delay a final Senate vote.
