🔈🔈 Trump Backs Latest CLARITY Act Version Ahead of Senate Vote
💥 President Donald Trump has agreed to roughly 80% of a bipartisan crypto ethics proposal, removing a major obstacle to the CLARITY Act.
👑 Key Updates:
✔️ 126 changes added to the latest 635-page Senate draft, addressing Democratic demands.
✔️ Ethics rules could require senior officials and their spouses to divest significant crypto interests or place them in blind trusts.
✔️ State attorneys general would gain new enforcement powers over certain crypto-related conflicts of interest.
✔️ Stablecoin safeguards include an emergency mechanism allowing Treasury to suspend certain rewards if community-bank deposits face major outflows.
✔️ DeFi rules have also been revised, including narrower money-transmission requirements and a civil safe harbor.
🔴 The Senate needs 60 votes for today's cloture vote. Republicans hold 53 seats, meaning at least 7 Democrats or independents are needed.
📈 Polymarket odds of the CLARITY Act becoming law this year rose to around 32% after the latest compromise.
⚠️ Disclaimer: This content is for informational purposes only and does not constitute financial advice. Users are responsible for conducting their own research, assessing risks, and complying with applicable laws and regulations in their jurisdiction.
💥 President Donald Trump has agreed to roughly 80% of a bipartisan crypto ethics proposal, removing a major obstacle to the CLARITY Act.
👑 Key Updates:
✔️ 126 changes added to the latest 635-page Senate draft, addressing Democratic demands.
✔️ Ethics rules could require senior officials and their spouses to divest significant crypto interests or place them in blind trusts.
✔️ State attorneys general would gain new enforcement powers over certain crypto-related conflicts of interest.
✔️ Stablecoin safeguards include an emergency mechanism allowing Treasury to suspend certain rewards if community-bank deposits face major outflows.
✔️ DeFi rules have also been revised, including narrower money-transmission requirements and a civil safe harbor.
🔴 The Senate needs 60 votes for today's cloture vote. Republicans hold 53 seats, meaning at least 7 Democrats or independents are needed.
📈 Polymarket odds of the CLARITY Act becoming law this year rose to around 32% after the latest compromise.
⚠️ Disclaimer: This content is for informational purposes only and does not constitute financial advice. Users are responsible for conducting their own research, assessing risks, and complying with applicable laws and regulations in their jurisdiction.
