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Key Democratic lawmakers say crypto Clarity Act ‘falls short’ on ethics, other issues

Key Democratic lawmakers say crypto Clarity Act ‘falls short’ on ethics, other issues

Senate Republicans published a new draft of the Clarity Act earlier Wednesday, including an ethics provision that the White House and President Donald Trump agreed to.

Senator Bernie Moreno, one of the lead Republicans on the bill, said in a post on X (formerly Twitter) earlier Wednesday that it was “the most powerful ethics language in U.S. history.”

“Don’t listen to the DC Democrat lies,” his post said.

The ethics provision has been an outstanding issue for over a year, stretching back to the Senate’s work on the stablecoin-focused Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act last year, but the issue took on a renewed focus in recent weeks after Trump shared his latest financial disclosure…

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