CLARITY Act amendment to prohibit Trump from profiting from crypto assets was rejected

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According to ChainCatcher, the clear digital asset market bill 'CLARITY Act' is currently under review by the US House Committee on Financial Services and Agriculture. Amendment #2 "prohibiting President Trump and his family from profiting from trading or promoting crypto assets" was rejected. Chairman Thompson stated that this is not the place to discuss presidential ethics.

Other reviewed amendments include:

Amendment #1 "comprehensive reauthorization of CFTC (Commodity Futures Trading Commission)" was rejected;

Amendment #6 "allowing CFTC to collect more fees from market participants" was passed.

It is reported that more amendments related to Trump are being proposed by other representatives, and the final outcome of the 'CLARITY Act' has not yet been determined, with current review still ongoing.

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