White House pushes back as key Democrats rejects CLARITY Act’s crypto ethics

The White House pushed back against the Senate Democrats' rejection of the latest version of the CLARITY Act, with ethics remaining a major sticking point.The clash comes despite President Donald Trump’s decision this week to accept new ethics limits, reflecting how far apart negotiators remain as lawmakers try to advance sweeping crypto market legislation.On July 22, Senate Republicans submitted revised CLARITY Act legislation to bar the president, vice president, members of Congress, federal judges and other covered officials from issuing or sponsoring digital assets for compensation while in office.These officials would be required to sell certain crypto holdings, place them in blind trusts they do not control, or use a combination of both approaches. Crypto sales exceeding $1,000 would also trigger disclosure requirements.The proposal would also give the Justice Department civil enforcement authority over violations, including cases involving exchanges that knowingly list prohibited digital assets.Key Senate Democrats reject latest CLARITY draftThe revised ethics provisions have failed to win over several Senate Democrats whose votes Republicans may need to pass the CLARITY Act...