U.S. Senator Kirsten Gillibrand stated that "there will be no agreement on the CLARITY Act without provisions to prevent insider trading, given the growing concerns about the Trump family's cryptocurrency conflicts of interest," The Block reported. At the Consensus conference, she pointed out that "it is unacceptable for lawmakers or government officials to use their insider status to accumulate wealth through the relevant industry. Many Democratic senators are raising concerns about the Trump family's close ties to the cryptocurrency industry." Earlier, Bloomberg estimated that the Trump family had earned at least $1.4 billion through the cryptocurrency industry. Currently, the CLARITY Act has found a compromise on stablecoin interest-related issues, but the inclusion of ethics provisions for public officials is considered to be the biggest variable for the bill's future passage.
