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On Crypto, Congress Has a Moment of Clarity

On Crypto, Congress Has a Moment of Clarity

By Virginia Canter and Christopher Swartz

The president’s marquee cryptocurrency legislation, the so-called CLARITY Act, failed 50-49 to advance past a key procedural vote last Tuesday. The key sticking point? The president’s refusal to separate his personal financial interests from his responsibility to the American public.

For more than a year, we and other ethics experts have warned that the president’s immense financial stake in the cryptocurrency industry makes it impossible to trust that this White House-endorsed crypto legislation is aimed at protecting the public interest. As reported on his recent financial disclosure report, Trump made over $1.4 billion from crypto alone last year. The simple solution to this conflict of…

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