US senators from opposing parties have sent revised ethics guidelines to the White House as part of negotiations on the CLARITY Act. Democrats, led by Senator Ruben Gallego, had requested that state authorities enforce the ban on federal officials issuing or sponsoring tokens, rather than the US Attorney General. The bill requires 60 votes to pass the Senate, while Republicans hold an effective 52-47 majority with Senator Mitch McConnell absent due to medical reasons. Several Democrats have conditioned their support on stronger provisions regarding ethics, consumer protection, market integrity, and safeguards against excessive influence from the Trump administration over the crypto industry.
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