During the consideration of the CLARITY Act bill aimed at regulating the cryptocurrency market in the U.S. House of Representatives, a heated discussion arose regarding the conflict of interest provisions for high-ranking officials.
This is reported by Finway
Proposal for Restrictions on Officials
Democratic and Republican representatives proposed a ban on participation in the cryptocurrency business for the president, vice president, members of Congress, and their families. This move is aimed at preventing potential conflicts of interest in the realm of digital assets.
However, President Donald Trump’s team has categorically opposed this initiative. According to journalist Laura Shin, the resistance is linked to numerous cryptocurrency projects involving Trump and his associates, which have already influenced the blocking of another bill concerning stablecoins—the GENIUS Act.
“The wording implies restrictions for the president, vice president, members of Congress, and their families regarding participation in the cryptocurrency business.”
Context of the Discussion and Future Prospects
Experts note that Trump’s team’s position could significantly impact the discussion surrounding the CLARITY Act. A similar situation occurred with the GENIUS Act stablecoin bill, which received bipartisan support in the Senate in June 2025, allowing it to move to the next stage of consideration in the House of Representatives.
The current dispute over the CLARITY Act indicates that issues of transparency and the prevention of conflicts of interest in the cryptocurrency sector remain key concerns for American lawmakers.