Revised ethics provisions aim to secure Democratic support for the CLARITY Act before the Senate’s month-long recess.
Two US senators submitted revised ethics guidelines to the White House as part of the Digital Asset Market Clarity (CLARITY) Act. The changes propose allowing state authorities, rather than the US Attorney General, to enforce bans on federal officials issuing or sponsoring tokens, addressing concerns from lawmakers over the initial draft.
The revised provisions follow calls from Senate Democrats to strengthen ethics, consumer protection, and market integrity measures. Previous versions of the bill faced opposition from Democrats, who argued it did not adequately address conflicts of interest or illicit finance risks. The window to pass the bill before the Senate’s August recess is narrowing.
The proposed revisions could attract additional Democratic support, though no immediate response was received from the senators’ offices or the White House. The bill’s fate remains uncertain as lawmakers weigh its implications ahead of the recess.