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Democrats Reject Latest CLARITY Act Draft Over Ethics, Illicit Finance Concerns


Democrats Reject Latest CLARITY Act Draft Over Ethics, Illicit Finance Concerns

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A group of Senate Democrats who generally back crypto legislation said the latest draft of the CLARITY Act still falls short, flagging shortcomings on ethics, consumer protection, illicit finance, conflicts of interest and market integrity. Their objections add another hurdle to securing the bipartisan 60‑vote threshold in the Senate, increasing regulatory uncertainty for crypto, DeFi, DEX/CEX participants and potentially delaying token launches and market clarity.

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A group of Senate Democrats who generally support crypto legislation has said the latest draft of the CLARITY Act still falls short, raising objections to its ethics, consumer protection, illicit finance, conflicts of interest, and market integrity provisions.

Their statement adds another hurdle for legislation that already needs bipartisan backing to reach the 60-vote threshold required in the Senate.

Read the article at CryptoPotato

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