BlockBeats News, January 30th, The “Cryptocurrency Market Structure Act” (CLARITY Act) local time on Thursday passed the Senate Agriculture Committee, but the partisan divide between Democrats and Republicans has deepened. The final vote was 12-11, with all Democrats casting dissenting votes, focusing on the Trump family’s interest in cryptocurrency.
In addition, an amendment to restrict the Trump family’s profits from cryptocurrency was not passed during the meeting. Democratic Senator Michael Bennet said, “This issue ‘touches on the core of our democracy.’ It is not about cryptocurrency, not even specifically about President Trump, but about returning to America’s deserved ethical system.” The Trump family has currently made profits of at least $1.4 billion from their cryptocurrency investments and holds a 20% stake in the mining company American Bitcoin.
