Senators propose tightening CLARITY Act ethics clause to restrict Trump's crypto business ties

Odaily reported that according to sources, U.S. Senators Thom Tillis and Ruben Gallego have reached a preliminary agreement on the ethics clause within the CLARITY Act, though specific details have not been disclosed to the public.

The clause aims to limit direct associations between senior government officials and crypto projects, with a primary focus on former President Donald Trump's crypto-related business ventures. Trump has previously agreed to accept the revised framework, which the White House has described as "the most extensive ethics restrictions in history."

However, Democrats argue that the proposal does not require Trump to make substantial changes, and since the Department of Justice is led by his appointees, effective enforcement of these restrictions remains questionable.

The new proposal put forward by Tillis and Gallego still needs to secure support from the White House and sufficient Democratic backing before it can advance to the next procedural stage. (CoinDesk)