PANews
PANews|Jul 25, 2026 13:39
[Bloomberg: Trump's Crypto Earnings Become Biggest Obstacle to Clarity Act] According to Bloomberg, the approximately $1.4 billion in earnings Trump has gained from crypto-related businesses has become the biggest obstacle to the passage of the Clarity Act. Senate Republicans released a draft this week in an attempt to break months of deadlock, but Democrats and consumer advocacy groups immediately criticized the draft for its lack of robust ethical provisions—failing to prevent Trump and his family from continuing to profit from crypto businesses. Trump would need the support of at least seven Democratic senators to pass the bill. Maryland Democratic Senator Angela Alsobrooks called the ethical provisions "key." The controversy centers on three main issues: granting the Department of Justice exclusive enforcement authority (excluding oversight by state attorneys general), whether ethical restrictions cover Trump's indirect holdings, the bill's lack of constraints on the children of officials, and the provision's automatic expiration on January 20, 2029.
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