The amendment to the CLARITY Act that would have prohibited Trump from profiting from crypto assets was rejected
the U.S. digital asset market is reviewing the "CLARITY Act" in the U.S. House Financial Services Committee and Agriculture Committee. Amendment #2, which "prohibits President Trump and his family from profiting from trading or promoting cryptographic assets," was rejected. Chairman Thompson stated that this is not the place to discuss the president's ethics.
Other amendments that have been reviewed include:
Amendment #1, which "comprehensively reauthorizes the CFTC (U.S. Commodity Futures Trading Commission)," was rejected;
Amendment #6, which "allows the CFTC to collect more fees from market participants," was passed.
Note: More amendments related to Trump are being proposed by other members of the House. The final outcome of the "CLARITY Act" bill has not been determined yet, and the current review is still ongoing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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