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06/17 02:08

CLARITY Act faces ethics showdown as David Nage ey

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #1$ Margin Trade CLARITY Act faces ethics showdown as David Nage eyes July vote The CLARITY Act has advanced toward a potential July Senate vote, though negotiations over conflict-of-interest provisions continue to divide lawmakers. According to David Nage, managing director and portfolio manager at Arca, discussions with Senate offices and staff members in Washington left him convinced that most of the work surrounding crypto market structure legislation has already been completed. In a recent report, Nage wrote that the industry and policymakers are roughly “80–85%” aligned on the substance of the bill despite public disagreements that continue to generate headlines. The legislation, formally known as the Digital Asset Market Clarity Act, has already secured bipartisan support in committee and now awaits further Senate consideration. While several procedural steps remain, Nage argued that the primary obstacle is no longer market structure policy itself. Ethics language has become the central dispute Following meetings with congressional staff, Nage said stablecoin yield provisions no longer appear to be a major point of contention. Although banking industry critics, including JPMorgan Chief Executive Officer Jamie Dimon, have continued opposing parts of the legislation, Nage stated that Senate offices largely view the issue as settled. Instead, debate has narrowed around conflict-of-interest rules that would restrict government officials from benefiting from crypto-related business activities while serving in office. According to Nage, lawmakers are now focused on how such restrictions would be enforced rather than whether they should exist. He described the disagreement as a political challenge centered on implementation and public perception rather than a dispute over digital asset policy. To break the deadlock, Nage suggested applying a uniform prohibition on cr

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