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Crypto Bill Mired in Debate Over Rules to Stop President From Selling Coins
A sweeping cryptocurrency bill is approaching a final vote in the Senate this summer, with support from Republicans and some Democrats — and backed by an industry that has spent tens of millions of dollars to shape it. But lately a major sticking point has emerged: the $1.4 billion in crypto revenue that President Trump disclosed in June, after a year of astonishing moneymaking by his family’s network of crypto businesses. Now as the landmark legislation, known as the Clarity Act, inches toward passage, Senate Democrats are pushing for strict language in the bill that would bar public officials from selling ... (full story)
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From politico.com | 3 hr ago
Goldman Sachs Chairman and CEO David Solomon is throwing his weight behind a landmark crypto bill that would establish a new regulatory framework for digital asset markets, giving the measure a powerful line of support on Wall Street as other top bankers rally against key provisions. “The Clarity Act — like all legislation — is not perfect. And there are ...
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