The CLARITY Act amendment "prohibiting Trump from profiting from crypto assets" was rejected

ChainCatcher News, the U.S. digital asset market clarity bill, the CLARITY Act, is currently under review by the House Financial Services Committee and the Agriculture Committee. Amendment #2, "prohibiting President Trump and his family from profiting from trading or promoting crypto assets," was rejected. Chairman Thompson stated that this is not the place to discuss presidential ethics.

The other amendments that have been reviewed include:

• Amendment #1, "comprehensive reauthorization of the CFTC (Commodity Futures Trading Commission)," was rejected;
• Amendment #6, "to allow the CFTC to collect more fees from market participants," was passed.

It is reported that more amendments related to Trump are being proposed by other congress members. The final outcome of the CLARITY Act is still undecided, and the current review is ongoing.