Democrat Senator Labels Republican CLARITY Act Ethics Clause Not Serious Proposal
2026-07-24 11:19

Woofun AI reports that U.S. Democratic Senator Ruben Gallego characterized the Republican-drafted ethics clause for the Digital Asset Market Clarity Act as "not a serious proposal." Gallego announced plans to collaborate with Senator Thom Tillis and other Republicans to develop a counter-proposal. The Republican draft, released Wednesday, prohibits federal officials, including President Donald Trump, from issuing or sponsoring digital assets. Senator Bernie Moreno defended the text, describing it as containing "the most powerful ethical language in American history," while Democrats argue the provision remains insufficient.

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Tags:
Ruben Gallego
Donald Trump
Bernie Moreno
Thom Tillis
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