TechFlow, June 14 — According to Unchained, during a critical negotiation phase on Tuesday night, the White House rejected proposals from both Republican and Democratic House members to include conflict-of-interest restriction clauses in the CLARITY Act. The proposed clause aimed to restrict senior political figures—including the president, vice president, members of Congress, and their families—from participating in cryptocurrency-related businesses while in office.
Democrats hoped the clause would prevent President Trump from profiting through cryptocurrencies, while Republicans sought to avoid making the provision appear as a direct criticism of Trump. Currently, no agreement has been reached, and the White House along with Republicans are attempting to draft an alternative proposal.
