TechFlow reports, July 16: According to CoinDesk, U.S. Senate Democratic Senators Chris Murphy, Chris Van Hollen, and Jeff Merkley opposed the "Clarity Act" at a Washington press conference, calling it "corrupt legislation." They emphasized that unless the bill directly addresses Trump's personal cryptocurrency interest conflicts, it should not receive Democratic support.
The bill needs to secure enough Democratic votes to cross the Senate 60-vote threshold, but the core controversy lies in whether to prohibit senior officials from participating in the crypto industry. Trump profited over $1 billion from cryptocurrency activities in 2025, becoming the focus of opposition. Currently, both sides have not reached a compromise on ethical provisions.
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