World & BusinessRepublicans reportedly reject Democrats’ CLARITY Act counteroffer
A user tracking the bill says Democrats sought a 180-day deadline for covered officials to sell certain crypto holdings, but the counteroffer document did not specify which demand triggered the rejection.
TLDR
A September 15 post tracking the CLARITY Act says Republicans rejected Democrats’ counteroffer. The proposals included extending ethics rules to dependent children, requiring covered officials to sell certain crypto holdings within 180 days, tightening enforcement, limiting ethics waivers, requiring crypto promoters to disclose compensation, and strengthening DeFi (decentralized finance) and customer protections. The author says the document does not identify which demand triggered the rejection.
A separate post says Sen. Tillis pledged to vote for cloture—a step to end debate—and was “very pleased” with the White House ethics language. Bitcoin Archive says Treasury Secretary Bessent claimed the act gives the U.S. stronger tools to fight illicit finance, quoting him: “We aim to keep America the crypto capital of the world.”
Republicans reportedly reject Democrats’ CLARITY Act counteroffer
A user tracking the bill says Democrats sought a 180-day deadline for covered officials to sell certain crypto holdings, but the counteroffer document did not specify which demand triggered the rejection.
