Democratic Senators Criticize CLARITY Act Ethics Provisions as "Not Serious"
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Democratic Senators Criticize CLARITY Act Ethics Provisions as "Not Serious"
According to Cointelegraph, US Senate Republicans released the draft text of the "Digital Asset Market Transparency Act" (CLARITY Act) on Wednesday, which includes ethical clauses prohibiting all federal officials (including President Trump) from issuing or sponsoring digital assets. Democratic Senator Ruben Gallego strongly criticized this, calling the draft "not a serious effort," and stated he would collaborate with Republican Senator Thom Tillis and others to propose a counter-proposal. Republican Senator Bernie Moreno maintained that the draft contains "the strongest ethical language in US history."
Navigating Web3 tides with focused insightsTechFlow news, July 24. According to Cointelegraph, U.S. Senate Republicans released the draft text of the "Digital Asset Market Transparency Act" (CLARITY Act) on Wednesday, which includes ethical provisions prohibiting all federal officials (including President Trump) from issuing or sponsoring digital assets. Democratic Senator Ruben Gallego strongly criticized this, calling the draft "not a serious effort," and stated that he would collaborate with Republican Senator Thom Tillis and others to propose counter-proposals. Republican Senator Bernie Moreno, however, maintained that the draft contains "the strongest ethical language in U.S. history".
