During the Trump era, officials trading cryptocurrencies are not guilty! The bill "CLARITY Act" banning self-enrichment clauses is blocked by the White House.

Trump's veto of officials' ban on currency speculation has left the CLARITY Act legislation uncertain, and whether Congress can complete crypto regulatory legislation before adjourning is once again uncertain. (Synopsis: Trump's latest earnings report: last year relied on WLFI to make $57.35 million, not only cryptocurrencies but also a lot of money) (Background supplement: CFTC acting chairman Caroline Pham pointed out: The Trump administration is friendly to crypto "also has to abide by the law") The framework law for digital assets in the United States, the Digital Asset Market Clarity Act (CLARITY Act), was originally regarded as a milestone for US crypto regulation to anchor, but because the White House "disagreed" at the last minute, it slammed the brakes. The Trump administration's refusal to support provisions restricting officials' ownership and promotion of crypto assets has sent bills to the House of Representatives to the House of Representatives, and hopes of success before the July recess have plummeted. Trump's "disagree" The House Agriculture Committee and the Financial Services Committee jointly passed the CLARITY Act in early June, which was originally scheduled to be voted on in July. The key controversy emerged on June 10: Democratic leader Maxine Waters proposed a "Stop Trump in Crypto" amendment that would require the president, vice president, and members of Congress and their families not to own, operate, or promote crypto assets while in office. Although the amendment was rejected by 21 to 30, follow-up negotiations on the compromise clause continued until the White House clearly stated "disagree" on the evening of June 11, and negotiations were terminated on the spot. We are trying to find the only white area left in the intersection of the Democratic Party's 'anti-Trump arbitrage' and the Republican Party's 'not seen as targeting Trump.'" A staff member involved in the negotiations revealed that the Senate would not take over without at least 100 Democratic votes. The White House's attitude caused the bill to break down halfway. Trump's $3.3 billion crypto empire raises conflict of interest concerns Trump has recently embraced crypto with a high-profile presence that includes World Liberty Financial (WLFI), the Trump USD1 stablecoin, bitcoin mining, the Truth Social Bitcoin ETF, and the $TRUMP memecoin issued by individuals. These projects have brought about $3.3 billion to the Trump family, pushing his net worth to $5.6 billion, and his huge position in tokens and promotion behavior has been called "referee and player" by the outside world. While the White House emphasizes that presidential assets are managed in trusts, the opposition argues that the current mechanism is insufficient to isolate the president's decision-making from self-interest. Cross-party negotiations break The CLARITY Act and the GENIUS Act on stablecoins were positioned as "crypto double-arrows", and were originally expected to be submitted to the president for signature before August, declaring to the outside world that "the United States is the global crypto capital." Now that there is a change in the House of Representatives, the bill will have to be delayed until at least the fall to resume the voting process. If the impasse continues, the US will fall further into a regulatory window. The CFTC and SEC authority are not clarified, exchanges cannot determine compliance standards, and some players have threatened to evaluate moving to Singapore or Dubai. Plans for the listing and fundraising of crypto companies may be suspended. More importantly, Trump continues to cultivate the crypto ecosystem but refuses to accept conflicts of interest, which makes people inevitably have doubts about manipulating the market? Related reports Trump: The United States has long known that Israel will send troops to Iran! But Iran is welcome to continue "nuclear negotiations" Trump boasted: the immigration gold card attracted 1.5 millionaires to register overnight, bringing $75 billion to the United States The US stablecoin bill "GENIUS Act" accelerates the vote! Senate Majority Leader: It's time to let cryptocurrencies enter mainstream finance 〈In the Trump era, officials are not guilty of currency speculation! The CLARITY Act prohibition clause was blocked by the White House" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".