Bipartisan senators finalize changes to crypto conflict-of-interest provisions to secure broader support for the bill.
A bipartisan Senate duo has revised the ethics section of the Digital Asset Market Clarity Act to address Democratic concerns over crypto-related conflicts of interest for U.S. officials. The changes aim to secure sufficient votes for the bill’s passage this year, though details remain undisclosed.
The original White House-approved language was deemed insufficient by most Democrats, prompting Senators Thom Tillis (R) and Ruben Gallego (D) to negotiate a compromise. The bill’s future hinges on approval from the White House and broader Democratic support before advancing through the Senate’s procedural hurdles.
The revised language targets restrictions on government officials’ direct ties to cryptocurrency projects. Insiders indicate the initial revisions are complete, but it remains unclear who has reviewed the latest draft or whether it will satisfy all stakeholders.