Techub News reports that President Trump met with executives from cryptocurrency companies last week, and during that meeting he appealed to the Senate to pass a "fair version" of the CLARITY Act when the upper chamber of Congress convenes again next month. The proposed legislation is scheduled to undergo a procedural vote on September 15, and it will require the support of at least 60 senators in order to succeed. In a separate development, a report from Public Citizen indicates that Trump has accumulated more than $1.4 billion in profits from his involvement in cryptocurrency-related operations, while at the same time, investors have experienced losses of approximately $4.7 billion over the corresponding period. When asked about the report, a White House spokesperson said there is no conflict of interest, but watchdog groups are urging lawmakers to include a provision in the bill that would mandate the president's family to divest their cryptocurrency holdings. This information comes from Cointelegraph.
President Trump met with crypto executives last week and, according to Techub News, pushed the Senate to approve a "fair version" of the CLARITY Act when it returns next month.
The bill is lined up for a procedural vote on September 15, and it will need backing from 60 senators.
A report from Public Citizen says Trump has made more than $1.4 billion from crypto-linked businesses, even as investors lost roughly $4.7 billion over that same stretch. The White House, for its part, said there is "no conflict of interest." But watchdog groups want the bill to force the president's family to divest cryptocurrency assets.
Cointelegraph first published the report.
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