President Donald Trump’s cryptocurrency ventures are at the center of a major Senate showdown over the Clarity Act

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President Donald Trump’s cryptocurrency ventures are at the center of a major Senate showdown over the Clarity Act, a sweeping digital asset bill scheduled for a critical procedural vote. 

The Senate Showdown and Ethics Clash

The Clarity Act: Congress is voting on a massive market-structure bill backed by Trump and the crypto industry to legitimize virtual assets. 
Trump’s Massive Earnings: Financial disclosure reports show Trump and his family made over $1.4 billion from crypto ventures last year—including $635 million from the $TRUMP meme coin and nearly $600 million from World Liberty Financial. 
New Concessions: To win over reluctant lawmakers, Trump agreed to ban federally elected officials and their spouses from issuing new digital assets (like meme coins) and allowed a role for state attorneys general to enforce ethics rules. 
Democratic Pushback: Key Democrats, including Sen. Ruben Gallego, argue the current ethics language falls short. They are pushing for stricter rules that would force Trump to put holdings into a blind trust and divest from major ventures like World Liberty Financial. 

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  Facebook·Senator Richard Blumenthal

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