CLARITY bill review is blocked, Trump's cryptocurrency activities spark controversy in the House of Representatives

Odaily News During the review of the Digital Asset Market Clarity Act (CLARITY) by the U.S. House of Representatives Financial Services Committee, some Democratic lawmakers questioned President Trump's involvement in cryptocurrencies, saying it could constitute a conflict of interest and interfere with legislative progress. The 236-page bill aims to clarify the regulatory responsibilities of the SEC and CFTC for the crypto market and require companies to disclose information and isolate customer funds. Although the bill has received support from some Democrats, Democratic lawmakers called for the addition of conflict of interest clauses, otherwise they would oppose its passage. The committee may continue its review next week. (The Block)