Odaily Odaily reports that the "Cryptocurrency Market Structure Act" (CLARITY Act) has begun deliberations before the U.S. Senate Banking Committee. A heated debate erupted over a key amendment concerning ethical constraints on high-ranking government officials. This amendment, introduced by Senator Chris Van Hollen, aims to prohibit senior government officials, including the president and vice president, from having commercial interests in the crypto industry and to strengthen transparency requirements. In his remarks, he stated that the provision is designed to prevent conflicts of interest and self-dealing, and mentioned the connections between Trump and his family and World Liberty Financial.
Senator Bernie Moreno opposed the amendment, arguing that its inclusion of criminal penalties made it "outside the scope of the Banking Committee's consideration" and more suitable for the Judiciary Committee. He also criticized Van Hollen's wording on "corruption," stating that making criminal charges against individuals without evidence was inappropriate. Ultimately, the amendment failed to pass with 11 votes in favor and 13 against.
