US Senate Democrats are considering withdrawing their support for the Clarity Act if it does not include an ethics clause for public officials regarding cryptocurrency, Politico reported, citing three sources. Whether to include the clause in the Senate Banking Committee's voting bill is a key issue. Republicans argue it is outside the committee's jurisdiction and plan to add it during the plenary session stage, but Democrats are not accepting this. Arizona Senator Ruben Gallego, who has led the Democratic side's ethics negotiations, 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's markup to proceed next week.
