Senator Gillibrand demands a ban on crypto industry ties for officials before advancing the Clarity Act in Congress.
A key U.S. crypto regulatory bill remains stalled as Senator Kirsten Gillibrand insists on prohibiting officials, including the president, from holding industry ties. The Clarity Act, aimed at clarifying digital asset regulations, faces this final hurdle in negotiations.
The bill has been under discussion for months, with prior versions omitting the proposed ban. Consensus among lawmakers appeared close until Gillibrand, a Democratic negotiator, raised the constraint as non-negotiable. No timeline has been set for resolving the impasse.
Market participants await clarity, as the bill’s passage could reduce regulatory uncertainty for crypto firms and investors. No immediate market reaction was reported.