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Senate Democrats press for stronger enforcement in crypto Clarity Act
A final working draft of the Clarity Act this week renewed focus on a section temporarily restricting senior officials’ crypto conduct, and Democrats say it is not enough to curb President Donald Trump’s disclosed crypto earnings.
CoinDesk reports U.S. Senate Democrats and the White House have been negotiating the Digital Asset Market Clarity Act, as lawmakers weigh whether the bill can still move in time for a potential 2026 vote.
The newest wrinkle is that the latest working draft, released this week, includes ethics language aimed at imposing personal crypto limits on senior government officials, a provision Democrats criticize as weak on enforcement and temporary in nature.
CoinDesk also notes White House crypto adviser Patrick Witt said President Donald Trump agreed to subject himself to restrictions on conduct, and that no other president has done that. Witt characterized Democrats’ push for additional enforcement power as going too far after the president’s concession.
Democrats argue the proposal does not adequately address potential conflicts of interest, with Senator Elizabeth Warren saying Trump raked in more than $1.4 billion from cryptocurrency ventures and that the bill would not stop him from profiting again. She also said, as proposed, the president would ignore the law, according to CoinDesk.