Trump crypto ties stall Senate ethics push in Crypto Clarity Act

The Crypto Clarity Act hit a wall in the Senate. Democrats are withholding support over ethics provisions that would restrict senior officials and their families from profiting from crypto ventures. President Trump's crypto income and his family's industry involvement are the core of the resistance, people familiar with the matter said. The bill cleared the House and the Senate Banking Committee. It needs 60 votes to advance in the Senate. That threshold is out of reach without bipartisan agreement on the ethics language. Some Democrats want the restrictions to apply to senior executive-branch officials and their immediate family. Republicans argue the current language already covers conflicts of interest. The gap has not narrowed in weeks of private talks, the people said. Senators Kirsten Gillibrand and Chris Murphy are among the Democrats whose positions could signal a shift. Neither has publicly changed their stance since the bill left committee. The White House has not publicly weighed in on potential amendments to the ethics clause. Negotiations are expected to continue through the end of the session.