Kirsten Gillibrand, a Democrat from New York, has introduced a new hurdle to the CLARITY Act’s approval. In a recent interview with Kailey Leinz on Bloomberg Television, she explained that lawmakers must meet three requirements before the Senate can vote on the bill.
Gillibrand said,
We’re trying to make sure there’s ways to crack down on illicit finance and terrorism financing.
She further added,
We’re still working on an ethics provision to make sure no members of Congress, the president, the vice president, or any senior administration official can’t be an issuer of a cryptocurrency or memecoin or promote it or advocate for it in any way.
