The Trump administration weighs ethical objections, while Clarity Act moves forward despite the impact
2026-08-01 09:42:47
According to CoinMeta, the Trump administration is weighing two bipartisan ethics counter-proposals put forward by Senator Tillis and Representative Gallego. The proposal grants state attorneys general the power to sue the Department of Justice when the DOJ fails to enforce ethics laws. Clarity Act has already passed review by a Senate committee and includes compromise clauses regarding stablecoin earnings; its progress depends on the White House's response to the ethics proposal. If an ethics compromise is reached, Clarity Act is expected to move forward, providing non-hosted developers with exemptions from bank confidentiality laws. Otherwise, it may trigger certain provisions of Genius Act, leading to increased uncertainty in stablecoin regulation.
Bullish 0
Bearish 0
Source:Internet
This content is for market information only and does not constitute investment advice.