Senate Dems just dropped their CLARITY Act counter-proposal and it's more restrictive than expected
Key changes:
• Ethics rules now extend to officials' dependent children
• Anyone holding significant crypto positions in companies = forced to divest
This isn't just about disclosure anymore. They want full divestment for large stakes.
If this passes, could create sell pressure from government-connected wallets. Also means fewer crypto-native people willing to take government roles.
Watch how this plays out - could set precedent for how serious players interact with policy going forward.
Key changes:
• Ethics rules now extend to officials' dependent children
• Anyone holding significant crypto positions in companies = forced to divest
This isn't just about disclosure anymore. They want full divestment for large stakes.
If this passes, could create sell pressure from government-connected wallets. Also means fewer crypto-native people willing to take government roles.
Watch how this plays out - could set precedent for how serious players interact with policy going forward.
