Crypto Clarity Act Stalled in Congress Amidst Ethics Clause Disagreement and Trump Family's Crypto Earnings
The passage of the Digital Asset Market Clarity Act, intended to establish a unified regulatory framework for cryptocurrencies in the U.S., remains stalled in Congress. The primary sticking point is President Trump's proposed 'ethics clause,' which aims to ban government officials from significant crypto ties. Democratic lawmakers are reportedly unhappy with the language of this clause and disagree on who should enforce such restrictions among federal politicians. Democrats advocate for state attorneys general to enforce the ethics rules, while the White House insists on the U.S. attorney general in Washington, D.C. This debate follows reports that President Trump earned over $1 billion in 2025 from digital asset investments, including issuing his own meme coins and investing in several cryptocurrency ventures. His sons, Eric and Donald Trump Jr., are also involved, having co-founded World Liberty Financial, which issues the WLFI token. The proposed legislation seeks to divide regulatory oversight of crypt...