Washington continues to show cautious optimism regarding the fate of the CLARITY Act — a landmark bill that, for the first time in U.S. history, aims to establish comprehensive federal regulation of the crypto industry. However, beneath the facade of hope lies a sharp ethical dispute that threatens the entire process.
The core issue lies in provisions concerning crypto conflicts of interest, directly tied to the name of Donald Trump. The current version of the document has not garnered support from Democrats, creating an insurmountable political barrier. In my assessment, without resolving this matter, the bill risks remaining at the level of good intentions.
Deep Divide on Capitol Hill
My sources in Congress and among crypto industry leaders confirm that technical work on the text could be completed within the next few months. However, political will is a far more complex variable. Democrats insist on including stringent ethical standards that would eliminate any possibility of using cryptocurrencies to lobby for the personal interests of high-ranking officials.
The key stumbling block is precisely the conflict of interest related to Trump's business empire. Until a compromise solution acceptable to both parties is found, the passage of the CLARITY Act will remain in question.
My professional conclusion: The market is underestimating the depth of this ethical deadlock. Even if technical preparations are completed on time, without political consensus on the "Trump clause," the bill could be postponed indefinitely. Investors should brace for a prolonged wait rather than a swift breakthrough in regulation.