Democrats oppose the current CLARITY Act text over ethics concerns. The legislation would temporarily ban presidential meme coins and prevent crypto platforms from listing assets issued by covered officials, with restrictions expiring in 2029. Trump’s crypto ventures have reportedly generated $1.4 billion on paper, prompting Democrats to demand stronger safeguards. Senator Bernie Moreno defended the ethics provisions as the most powerful in US history. Despite disagreements, negotiations have narrowed to ethics issues alone, and both sides acknowledge a compromise remains possible.
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