The CLARITY bill review is stalled, and Trump's involvement in cryptocurrency activities has sparked controversy in the House of Representatives

ChainCatcher news, according to The Block, during the review of the "Digital Asset Market Clarification Act" (CLARITY) by the U.S. House Financial Services Committee, some Democratic lawmakers questioned President Trump's involvement in cryptocurrency, stating that it could constitute a conflict of interest and interfere with the legislative process. The 236-page bill aims to clarify the regulatory responsibilities of the SEC and CFTC regarding the cryptocurrency market and requires companies to disclose information and separate customer funds.

Although the bill has some support from Democrats, Democratic lawmakers are calling for the inclusion of conflict of interest provisions, or they will oppose its passage. The committee is expected to continue its review next week.