US Senate Democrats are considering withdrawing support for the Clarity Act if an ethics clause for public officials' cryptocurrency is not included, Politico reported, citing three sources. Whether to include the clause in the Senate Banking Committee's voting bill is a point of contention. Republicans argue it is outside the committee's jurisdiction and propose adding it at the floor stage, but Democrats are not accepting this. Arizona Senator Ruben Gallego, who has led the ethics negotiations for the Democrats, reportedly stated in a private meeting on April 29 that the ethics clause should be reflected from the committee stage. The demand for an ethics clause stems from concerns surrounding the Trump family's cryptocurrency business. Meanwhile, the industry expects the bill to undergo markup next week.
