US Senate · CLARITY Act · France · Donald Trump · Bitcoin Magazine
U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns
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>>>>>>> origin/dailyFrench Hill urged the Senate to vote on the CLARITY Act before the August recess, arguing the bill would establish a transparent crypto market framework that addresses ethics concerns surrounding President Trump's digital asset ventures.
Key facts
- Critics point to President Trump’s crypto ventures, including $TRUMP meme coin licensing and World Liberty Financial token sales, which a July 1 financial disclosure tied to about $1.4 billion
- Hill thanked Senators Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott for working toward a deal, and pointed to the 78 Democrats who backed the House measure a year ago
- The Senate returns July 13 with about three weeks before recess
- One year after the House passed the Digital Asset Market CLARITY Act, the Arkansas Republican who chairs the House Financial Services Committee used a Fox Business interview with anchor Maria
Summary
One year after the House passed the Digital Asset Market CLARITY Act, the Arkansas Republican who chairs the House Financial Services Committee used a Fox Business interview with anchor Maria Bartiromo to press Senate leaders for a floor vote before the August recess. “I’ve encouraged Senate leadership to put it on the floor,” Hill said. Hill thanked Senators Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott for working toward a deal, and pointed to the 78 Democrats who backed the House measure a year ago. Hill’s central argument is that the CLARITY Act would resolve the ethics concerns now used to block it, rather than deepen them.