According to Mars Finance, on February 4th, Patrick Witt, Trump's digital asset advisor, stated that the White House will not accept the "Cryptocurrency Market Structure Act" (CLARITY Act) which includes provisions targeting Trump. Witt called the early drafts of the bill's ethical provisions completely outrageous and explicitly stated that "no provisions targeting the president personally or his family members will be allowed." Currently, the CLARITY Act is stalled due to several issues, with Democrats demanding a ban on senior government officials profiting from the crypto industry. According to sources, the White House has instructed industry insiders to submit a compromise proposal by the end of February. With the midterm elections approaching, the longer the legislative process drags on, the more difficult it will be for Congress to pass the bill.
Trump advisors oppose the inclusion of provisions in the Clarity Act targeting the Trump family.
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