A new draft of the Digital Asset Market Clarity Act is racing through the Senate, aiming to finally regulate crypto with user protection at its core — including a temporary ban on top officials, like the president, holding crypto business ties until 2029. With bipartisan momentum and a looming summer recess deadline, Republicans are pushing hard for passage before the election cycle takes center stage. While Democrats debate the ethics clause — especially after Trump’s reported crypto earnings — key provisions supporting decentralized finance remain intact, offering relief to developers who don’t hold user assets. The next two weeks could make or break this historic legislation.
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