Odaily Planet Daily reports: The审议 of the Crypto Market Structure Act (also known as the CLARITY Act) has begun in the U.S. Senate Banking Committee, where a heated dispute erupted over a key amendment proposed by Senator Chris Van Hollen aimed at prohibiting senior government officials, including the President and Vice President, from having financial interests in the crypto industry and strengthening transparency requirements. In his remarks, he stated that the provision seeks to prevent conflicts of interest and self-dealing, citing ties between Trump and his family and World Liberty Financial.
Senator Bernie Moreno opposed the amendment, arguing that its criminal penalty provisions placed it outside the jurisdiction of the Banking Committee and better suited for the Judiciary Committee. He also criticized Van Hollen’s use of the term “corruption,” stating that making criminal allegations against individuals without evidence was inappropriate. Ultimately, the amendment failed to pass with 11 votes in favor and 13 against.