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US Senate debates Clarity Act provisions regarding presidential cryptocurrency holdings
NYT TechLO·US·about 7 hours ago
The White House is pressuring Senate Democrats to approve a legislative package combining an ethics agreement with the crypto Clarity Act. It remains unclear if the administration has secured sufficient bipartisan support to overcome potential procedural hurdles in the Senate.
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US Senate legislators are deadlocked over provisions within the Clarity Act concerning presidential cryptocurrency holdings, specifically regarding prohibitions on trading or holding digital assets. The White House is reportedly lobbying Senate Democrats to support a legislative package combining the Clarity Act with an ethics agreement, though bipartisan support remains uncertain. The outcome of the Senate vote on the Clarity Act is pending.