CLARITY Act Hits Republican Party Roadblock Over Ethics Clauses

The fate of the CLARITY Act hangs in the balance as a senior Senate Banking Committee member expresses his willingness to vote against it if an ethics clause is not added.

Senator Thom Tillis of North Carolina has made it clear that any bill without strict regulations on the Trump family's crypto holdings will receive his opposition. The move has raised the stakes for Republicans, who cannot afford to lose votes from their own caucus and rely on Democratic support to pass the legislation.

Negotiations between Democrats and Republicans have been ongoing for months, with both sides narrowing their differences. However, adding ethics provisions is not a straightforward process, as the Senate Banking Committee does not directly control ethics rules.