Senate Democrats have rejected the ethics provisions in the latest Clarity Act draft, calling the Republican effort not serious. Majority Leader John Thune has dampened hopes for a vote before the August recess, leaving only the first week of August to advance the bill. The disagreement centers on enforcement: Democrats refuse to let the Department of Justice be the sole ethics enforcer, while President Trump’s crypto ventures linked to over one billion dollars in annual revenue fuel their distrust. The White House-approved text would bar federal officials from issuing digital assets and sunset in 2029. Galaxy Research has cut passage odds to 50-50.
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