Landmark crypto bill clears Senate hurdle but Democrats withhold support over lack of ‘gryfto’ rules to prevent Trump family conflicts of interest
On Thursday, the Senate Agriculture Committee advanced legislation that would provide far-reaching regulation for the crypto industry, though the vote only passed with Republican support. The markup process represented a key hurdle for the legislation, known as the Clarity Act, which still needs to pass out of the Senate Banking Committee before it can be considered by the full chamber.
In Thursday’s hearing, Democratic senators on the committee lamented that their Republican counterparts had brought the bill to a vote without bipartisan support, with several members raising the need for a conflict of interest provision that would prevent politicians from profiting off of crypto holdings—a growing topic of concern due to…
