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Woofun AI reports that the Digital Asset Market Clarity (CLARITY) Act is nearing completion in Congress, with only minor details remaining. Blockchain Association CEO Summer Mersinger indicated that a Senate vote could occur as early as next week if lawmakers agree on ethics provisions.
Three Senate Democrats stated they will not support the bill without clear ethics rules, citing concerns over President Trump's digital asset financial disclosures and potential corruption risks. Because Republicans hold a slim majority, the legislation requires Democratic support to pass. The White House recently met with Republican senators, but any outcome must be accepted or modified by Democrats to reach consensus.