The CLARITY Act faces renewed opposition ahead of a key Senate vote, with 18 state attorneys general arguing that the revised legislation would weaken state oversight of the crypto market. The development comes after an ethics concession from Donald Trump addressed one obstacle surrounding the bill. The attorneys general’s position adds another challenge as lawmakers consider the legislation. The bill’s revised provisions have become a focus of concern because, according to the state officials, they could reduce the role of state authorities in overseeing digital assets. The outcome of the Senate vote could be relevant for crypto-market participants, including holders and traders of assets such as Ethereum (ETH), Ethena (ENA), and Official Trump (TRUMP).
CLARITY Act Draws Opposition From 18 State Attorneys General Before Senate Vote
The CLARITY Act faces resistance from 18 state attorneys general before a key Senate vote. They say the revised bill would weaken state oversight, despite an ethics concession addressing another hurdle.
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