Approximately $1.4 billion in crypto earnings is the biggest obstacle for Trump to promote the Clarity Act

According to Odaily, Trump has gained about 1.4 billion US dollars in profits from crypto businesses, and has become the biggest obstacle to the passage of the Clarity Act. Senate Republicans released a draft bill this week in an attempt to break a months-long deadlock, but Democrats and consumer rights organizations criticized its ethics provisions as insufficiently robust, unable to prevent Trump and his family from continuing to profit from crypto ventures. To pass the act, Trump needs the support of at least seven Democratic senators. Maryland Democratic Senator Angela Alsobrooks stated that ethics provisions are crucial. Points of contention include the Department of Justice having sole law enforcement authority while excluding oversight by state attorneys general, whether ethical restrictions cover Trump’s indirect holdings, the bill's lack of restrictions on officials' children, and the provision set to automatically expire on January 20, 2029.