en.bitcoinsistemi.com
US President Donald Trump is expected to meet with senators tomorrow to try to reach a compromise on the ethical guidelines in his Clarity Act bill, which aims to regulate the cryptocurrency market.
The discussions are reportedly focused on regulation that could restrict senior government officials from having commercial interests in personal cryptocurrency ventures. This provision could include Trump’s business connections in the crypto sector.
Democrats are pushing for such restrictions to be added to the law after Trump announced he expects to generate over $1 billion in revenue from crypto-related businesses by 2025. However, it is reported that the parties have not yet reached an agreement on the ethics regulations, one of the most controversial parts of the bill.
Trump had previously called on Congress to pass the CLARITY Act. However, the US President has not stated whether he would sign the bill if a version restricting his own crypto investments and business dealings were presented to him.
Given the tight Senate schedule, the discussions are considered critical to whether the bill will be passed this year.
*This is not investment advice.