🔔Trump Advisor Opposes Clauses Targeting the Trump Family in the CLARITY Act
According to Mars Finance, on February 4th, Patrick Witt, Trump's digital asset advisor, stated that the White House will not accept the Cryptocurrency Market Structure Act (CLARITY Act) which contains clauses targeting Trump. Witt called the early drafts of the bill's ethical provisions completely outrageous and explicitly stated that "no clauses targeting the president personally or his family members will be allowed." The CLARITY Act is currently stalled due to several issues, with Democrats demanding a ban on senior government officials profiting from the crypto industry. Sources familiar with the matter revealed that the White House has instructed industry insiders to submit a compromise proposal by the end of February. With the midterm elections approaching, the longer the legislative process drags on, the more difficult it will be for Congress to pass the bill.