The CLARITY Act Amendment "Prohibiting Trump from Profiting from Crypto Assets" Rejected

BlockBeats News, on June 11, the U.S. digital asset market clarity bill, the "CLARITY Act," is under review by the U.S. House Financial Services Committee and Agriculture Committee. Amendment #2, "Prohibiting President Trump and his family from profiting from trading or promoting crypto assets," was rejected. Chairman Thompson stated that this is not the place to discuss the president's ethics.

Other reviewed amendments include:

Amendment #1, "Comprehensive reauthorization of the CFTC (Commodity Futures Trading Commission)," was rejected;

Amendment #6, "Allowing the CFTC to collect higher fees from market participants," was approved.

BlockBeats Note: More amendments related to Trump are being proposed by other members of Congress. The final outcome of the "CLARITY Act" bill has yet to be determined, and the review process is still ongoing.