#White House Blocks Conflict Of Interest Provision In CLARITY Act
The White House has reportedly objected to a move by lawmakers to include a conflicts of interest provision in the CLARITY ACT.
Highlights
The White House pushed back on the conflict of interest provision after lawmakers on both sides agreed to include it.
The provision is designed to address senior political figures involvement in crypto including the president, vice president and congress members.
The CLARITY Act is unlikely to proceed to the House floor for debate until lawmakers work on an amendement.
The White House has reportedly pushed back on a move by both Republican and Democratic representatives to include a provision in the CLARITY Act that will address Donald Trump’s ties to the crypto industry. This comes just days after the crypto bill passed the Committee markup phase.
