Crypto bill won't move without a ban on officials' industry ties, says U.S. Senator Gillibrand

U.S. Senator Kirsten Gillibrand has declared that the pending Digital Asset Market Clarity Act will fail to pass the Senate unless it includes a provision prohibiting senior government officials, including the president, from holding personal financial interests in the crypto industry. Gillibrand argues that such ties constitute a severe form of corruption and potential campaign finance violations. Although negotiations on consumer protection and illicit finance are also underway, the ethics clause remains a primary sticking point, particularly due to opposition regarding its perceived focus on President Donald Trump. With the legislative window closing before midterm elections, Gillibrand emphasized that resolving this conflict is essential to securing bipartisan support for the bill's advancement.

(Source：CoinDesk)