Senate Democrats Reject CLARITY Act Over Ethics Concerns, White House Pushes Back
Several Senate Democrats, including Catherine Cortez Masto, have rejected the latest draft of the CLARITY Act, citing unresolved issues related to ethics, illicit finance, and conflicts of interest. The CLARITY Act aims to establish a federal framework for digital assets, but the revised ethics provisions have failed to win over key Democrats whose votes are crucial for the bill's passage. The GOP holds 53 Senate seats and needs at least seven Democrats to reach the 60 votes required to overcome a procedural hurdle. The White House has pushed back against the Democrats' objections, particularly regarding enforcement authority and restrictions on President Trump's past cryptocurrency activities. 
