CLARITY Act ethics talks reach White House with revised Senate proposal
CLARITY Act ethics talks reach White House with revised Senate proposal
Senators Thom Tillis and Ruben Gallego have reportedly proposed new CLARITY Act ethics rules that would allow state authorities to enforce restrictions on federal officials’ crypto activities.The reported changes address Democratic concerns over leaving enforcement solely to the Department of Justice.The revised ethics proposal comes as Senate negotiators continue seeking enough Democratic support to advance the crypto market structure bill.Treasury Secretary Scott Bessent has urged the Senate to vote on the CLARITY Act before the August recess as time to pass the legislation narrows.