The Clarity Act is stalled in the Senate over a fiery ethics showdown, with Democrats refusing to back down over fears President Trump could profit from crypto ventures his administration oversees. Republicans dropped a new proposal, but Democrats say it’s still too weak — especially since it would let Trump’s own Justice Department enforce rules, sidelining state attorneys general. With Trump needing seven Democratic votes to pass the bill, the ethics fight is the main roadblock. Meanwhile, banks are pushing for stablecoin fixes, and the crypto industry is pouring cash into campaigns, deepening the political divide. Senate leaders now doubt the bill can pass before August recess.
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