Democratic Senator Kirsten Gillibrand stated at the Consensus Miami conference that the CLARITY Act will not gain support in the Senate without an ethical provision prohibiting senior government officials, including the president, from having personal financial interests in the crypto industry.
No one will vote for this bill without an ethical provision
The White House, meanwhile, denies any conflict of interest and refuses to pass a law aimed at the president.
Gillibrand has given one week to resolve this issue—Senate Banking Committee hearings are expected as early as next week. She forecasts the final vote for the first week of August—the last chance before Congress goes on summer recess.
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