WASHINGTON, D.C. — The White House is pushing back after Senate Democrats signaled they would not support a revised version of Republicans’ landmark cryptocurrency regulation bill, saying a new ethics provision approved by President Donald Trump does not go far enough to limit the president’s ability to profit off crypto.
The CLARITY Act is the nation’s most important crypto legislation, aiming to regulate an industry currently worth $2.3 trillion. After passing the House last July, the bill has stalled in the Senate for several reasons, including Democrats’ concerns over Trump’s highly lucrative involvement in the crypto industry.
Trump made at least
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