Custodia CEO Blames Trump Family For CLARITY Act Delays
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The Trump family's involvement in crypto, including meme coins and World Liberty Financial, is hindering support for the CLARITY Act, according to Custodia CEO Caitlin Long. The Act aims to clarify the regulation of digital assets in the US but struggles to gain bipartisan backing due to these associations.
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- The Trump family’s crypto links are affecting legislators’ outlook on the CLARITY Act.
- Senator Lummis said the Trump family’s crypto involvement made her job harder.
- Donald Trump is associated with meme coins and the World Liberty Financial.
Custodia CEO Caitlin Long said that President Donald Trump’s family will share the blame if Congress fails to pass the CLARITY Act. Long made the statement on Wednesday during ETH Denver, the world’s largest and longest-running Ethereum and Web3 innovation festival.
Difficulty in Securing Bipartisan Backing
According to Long, Trump-associated meme coins and other crypto ventures linked to the President’s family, including World Liberty Financial, have made it more difficult to secure bipartisan backing for the bill. It is worth noting that the CLARITY Act aims to define how digital assets are regulated in the US an…
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