Poster | Crypto News on Nostr: US Senate aims to vote on Clarity Act before August recess. Key hurdles: ethical ...

US Senate aims to vote on Clarity Act before August recess. Key hurdles: ethical clauses regarding Trump family crypto earnings & banking industry opposition to stablecoin rewards.

Republicans want to advance the bill, but face a packed schedule & wavering GOP support. Democrats worry about potential Trump family profits.

Moderate Dems hold the key. Sen. Elizabeth Warren warns against compromising with special interests that could benefit the Trump family.

Dispute centers on ethical clauses: Dems want restrictions on Trump family crypto profits. Sen. Gallego (D-AZ) & Sen. Tillis (R-NC) are working on a counter-proposal for joint enforcement by state AGs & DOJ.

Banking lobby is pushing back on stablecoin incentives.

Complex landscape: financial sector pushback + ethical debate on crypto profits for politicians = major contention. #Nostr #Crypto #ClarityAct #USPolitics