According to Beincrypto, U.S. Senator Thom Tillis has set a new red line for the 'CLARITY Act,' a stablecoin regulation bill. Senator Tillis declared that he would oppose the bill if it does not include ethics regulations targeting the cryptocurrency businesses of President Trump's family. The clause prohibits federal public officials, including the president, from issuing or sponsoring digital assets. This is directly aimed at the Trump family's cryptocurrency businesses, such as 'World Liberty Financial,' which is currently estimated to be worth over $1 billion. With Senator Tillis, who is approaching retirement, joining forces with Democratic negotiators, it remains to be seen whether the Republican Party's plan to pass the bill before the midterm elections will face setbacks.
