Senate Democrats Demand Ethics Safeguards in CLARITY Bill Amid Trump's $1.4B Crypto Earnings Disclosure

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Democratic senators Chris Murphy, Chris Van Hollen, and Jeff Merkley are demanding ethics safeguards be added to the Digital Asset Market CLARITY Act before they support its passage, citing President Trump's reported US$1.4 billion in crypto earnings during 2025. The senators argue that Trump's cryptocurrency interests, including his memecoin and World Liberty Financial involvement, create conflicts of interest that must be addressed through explicit restrictions preventing senior officials from participating in the crypto industry while in office. The bill, aimed at establishing a federal regulatory framework for digital assets, is being considered ahead of the Senate's August recess, with bipartisan negotiations ongoing to secure the 60 votes needed for passage.
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