The White House reviews the latest ethics proposal for the Clarity Act, which may impact the Senate vote.

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The latest crypto news from July 31 shows the White House is reviewing a new ethics proposal for the Clarity Act. The draft, led by Tillis and Gallego, introduces roles for state attorneys general. Industry groups urged clarity yesterday, emphasizing the need for compromise. The White House’s response could determine whether the Senate votes next week. Latest altcoin updates suggest market attention remains focused on regulatory developments.

ME News reports that on July 31 (UTC+8), a Fox Business crypto journalist posted on X that, according to multiple sources outside Capitol Hill, the latest ethics proposal coordinated by Senators Thom Tillis and Ruben Gallego includes a role for state attorneys general; however, the full details of the proposal and additional provisions added in response to White House concerns remain unclear. The White House is currently reviewing the latest draft received this morning. Additionally, industry representatives spent most of yesterday calling the White House, emphasizing that reaching an ethical compromise is critical to advancing the Clarity Act through full legislative process. The White House’s response may largely determine whether the Senate proceeds with a vote on the bill next week. (Source: ODAILY)

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