POLITICSBITCOIN MAGAZINE
Democrats Push Back on GOP Ethics Text as Thune Doubts a Pre-Recess Clarity Vote
Senate Democrats rejected the GOP's ethics provision in the latest Clarity Act draft, citing concerns over the Department of Justice as the sole enforcer. Majority Leader John Thune expressed doubt about passing the crypto market-structure bill before the August recess, while Republicans and Democrats continue negotiations over enforcement roles and consumer protections.
Mentioned
John ThunepersonRuben GallegopersonThom TillispersonCynthia LummispersonBernie MorenopersonAngela AlsobrookspersonPatrick WittpersonSenate DemocratsorganizationGOPorganizationDepartment of JusticeorganizationWhite HouseorganizationCoinDeskorganizationClarity Acttopicethics provisiontopicdigital assetstopic
Related Signal
Adjacent reporting
- Three US senators oppose CLARITY Act on ethics grounds with vote expected soon
- Hopes for key crypto bill fade amid delays, Trump ethics controversy
- Crypto Clarity Act still at mercy of ethics section as Democrats balk at Trump deal
- Debate on CLARITY Act continues this week as US Senate returns
- Crypto regulatory text expected to be released Thursday does not have Senate Democrat support
- Bipartisan support ‘critical’ as Democrats push back on GOP crypto bill on ethics grounds