Senator Cynthia Lummis: CLARITY Act Requires Trump to Sell Digital Assets or Transfer Them to a Blind Trust, Becoming a Key Negotiation Point

Odaily News: U.S. Senator Cynthia Lummis stated that the current version of the crypto market structure bill requires President Trump to sell his digital assets or transfer them into a blind trust, making this a focal point of negotiations. Several Democratic lawmakers are concerned that the bill could weaken their campaign narrative targeting Trump's "crypto corruption" in the midterm elections, and therefore remain hesitant about advancing the legislation. Supporters, meanwhile, emphasize that the bill also covers ethics standards for the President, Vice President, members of Congress, and the federal judiciary, and would provide investors with a clearer regulatory and protection framework in the event of crypto trading platform bankruptcies.