Trump has agreed to the ethics provisions of the Clarity Act, removing the final obstacle to its passage. The previous point of contention centered on restricting officials, including the president, from profiting from digital assets during their term, which involved Trump’s meme coins and the World Liberty Financial project. The Clarity Act, formally known as the Digital Asset Market Clarity Act, aims to clarify the regulatory division of responsibilities between the SEC and CFTC over cryptocurrencies, while incorporating consumer protection rules such as transparency, fraud prevention, and fund security. It has already gained partial bipartisan consensus.
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