🚨White House Rejects Bipartisan Provision In CLARITY Act🚨
According to an Unchained report, the White House rejected a provision that lawmakers from both sides had agreed to include to address Democratic concerns about Trump’s involvement in crypto.
Citing a source familiar with the matter, the report revealed that the proposed provision in the CLARITY Act was not just designed for the president, but also to address conflicts of interest among senior political figures while in office. This includes the Vice President, members of Congress, and their family members.
Trump’s involvement in crypto has been a concern for Democratic lawmakers in both the Senate and the House. According to a CoinGape report, President Trump has earned over $1 billion from crypto. These lawmakers, including Senator Elizabeth Warren, claim that his ties to crypto bring about corruption.
Lawmakers from both sides had tried to propose a language in the CLARITY Act that was similar to existing campaign finance and financial disclosure norms so as not to make the provision look like a rebuke of Trump’s crypto activities. However, the White House still rejected the provision and has made it clear that it won’t accept the proposed language.