CLARITY Act: ethics and stablecoin yield rules changed before vote
- —60 votes are needed to pass, leaving Republicans at least seven short
- —Lummis: Democrats requested more than 100 amendments over a year of talks
- —Ethics amendments still allow activity by relatives and through blind trusts
- —The Trump family's stake in a crypto firm sits in a trust with a son as trustee, requiring conversion
Why it matters: The vote's outcome will determine whether the U.S. crypto market gets federal rules or remains in a regulatory vacuum.
Source: Ledger Insights