US Senators sent revised ethics rules to White House for CLARITY Act: Report
Summary
Senators Thom Tillis and Ruben Gallego reportedly sent the White House a counteroffer on ethics rules tied to the CLARITY Act, a crypto market structure bill. The main proposed change would let state authorities, not just the US attorney general, enforce a ban on federal officials issuing or sponsoring tokens. Gallego has said ethics, consumer protection, illicit finance, conflicts of interest, and market integrity need stronger safeguards. The revisions are aimed at winning support from Senate Democrats, several of whom say they will oppose the bill unless it limits President Trump’s influence over the crypto industry. Republicans need Democratic votes to reach the 60-vote threshold.
