The Clarity Act — landmark legislation that would establish the first federal framework for digital assets and divide jurisdiction between the CFTC and SEC — is stalling in the Senate, and President Trump's expanding crypto business interests are a central reason why. Trump and his family have made an estimated $1.4 billion from crypto-related ventures since his inauguration, including the $TRUMP memecoin and World Liberty Financial, giving Democratic lawmakers fresh ammunition to demand ethics provisions that would bar federal officials from participating in digital asset ventures.
The bill needs 60 Senate votes to pass, meaning Republicans must win over at least some Democrats. Two key Democratic votes — Sens. Angela Alsobrooks and Ruben Gallego — backed the bill in committee, but only on the condition that ethics language is included.
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