Cointime

Cointime

Download App
iOS & Android
Home / Point

The amendment to the CLARITY Act that would have prohibited Trump from profiting from crypto assets was rejected

the U.S. digital asset market is reviewing the "CLARITY Act" in the U.S. House Financial Services Committee and Agriculture Committee. Amendment #2, which "prohibits President Trump and his family from profiting from trading or promoting cryptographic assets," was rejected. Chairman Thompson stated that this is not the place to discuss the president's ethics.

Other amendments that have been reviewed include:

Amendment #1, which "comprehensively reauthorizes the CFTC (U.S. Commodity Futures Trading Commission)," was rejected;

Amendment #6, which "allows the CFTC to collect more fees from market participants," was passed.

Note: More amendments related to Trump are being proposed by other members of the House. The final outcome of the "CLARITY Act" bill has not been determined yet, and the current review is still ongoing.

Comments

All Comments

Recommended for you

  • Morgan Stanley: Offshore RMB stablecoin will verify the actual use case of cross-border settlement

    Morgan Stanley's latest research report pointed out that the Hong Kong stablecoin bill essentially paved the first legal path for offshore RMB stablecoins. With the support of a deep offshore liquidity pool of about 1 trillion RMB in Hong Kong, offshore RMB stablecoins will validate the actual use case of cross-border settlement. The development of RMB stablecoins should be seen as a potential component of cross-border RMB settlement infrastructure, including RMB swap agreements, CIPS (Cross-border Interbank Payment System for RMB), and a global RMB clearing service network. 

  • Market News: Trump plans to attend the National Security Meeting at 6 a.m. tomorrow

    According to market news: US President Trump will attend the National Security Council meeting at 6 am on Sunday Beijing time. 

  • Federal Reserve Monetary Policy Report: It is too early to assess the impact of tariffs on the economy

    the latest monetary policy report released by the Federal Reserve to Congress on Friday stated that the U.S. inflation rate has risen, the labor market conditions are stable, but it suggests that the impact of Trump's tariff measures may just be beginning to show, and reiterated the Fed's view that it can wait for more clear situations before taking action. The Fed said in the report: "The impact of this year's increase in import tariffs on U.S. consumer prices is highly uncertain, as trade policy continues to evolve, and it is too early to assess how consumers and businesses will react now. Although the impact of tariffs cannot be directly observed from official consumer price statistics, the net price change patterns of various goods this year suggest that tariffs may be one of the reasons for the recent rebound in commodity inflation." The report also stated that despite the uncertainty, the financial system has always been "resilient."

  • KindlyMD and Nakamoto raise $51.5 million in new PIPE financing to support Bitcoin Reserve Program

    Kindly MD, Inc. (NASDAQ: NAKA), which had previously announced plans to merge with the Bitcoin native holding company Nakamoto Holdings Inc., has completed an additional $51.5 million private placement public listing financing ("PIPE financing") to support its plan to establish a Bitcoin reserve.

  • Overview of important developments on the evening of June 20

    12:00-21:00 Keywords: TikTok, Waller, Self Chain, Animoca Brands

  • 50% of Marathon's mining machine orders this year will come from the US company Auradin

    Marathon CEO said that about half of this year's mining machine orders came from American Bitcoin chip designer and manufacturer Auradin. MARA was one of Auradin's earliest supporters. Auradin began shipping the Teraflux series Bitcoin ASICs in mid-2024, positioning them as a US-made alternative to Chinese ASIC giants Bitmain and Canaan. Since US President Trump announced new tariffs in April, Auradin has received "a large number of requests from American mining companies who want to diversify their hardware equipment."

  • Fed Governor Waller: Rate cut may come as early as July meeting

    Federal Reserve Board member Waller: It may be possible to cut interest rates as early as the July meeting.

  • Ant Digital Technology refutes rumors: It only communicated with Hainan Huatie on RWA and did not reach cooperation

    today, Ant Group's WeChat public account issued a statement to refute the rumors. Ant Group has only had very preliminary and exploratory discussions with Hainan Huatie regarding RWA, and has not reached any formal cooperation agreements, business arrangements, or substantial project implementations. In addition, there are some companies in the market recently speculating on hot topics such as "RWA" and "stablecoins", implying false cooperation with Ant Group. Please be cautious in discerning market rumors, and pay attention to investment risks. At the same time, Ant Group also stated that we reserve the right to pursue legal action against any unauthorized use of our name for improper publicity. Ant Group is committed to compliant innovation, and any significant progress will be disclosed in a timely manner through official channels.

  • TRON Mainnet 4.8.0 upgrade proposal starts discussion, plans to support Ethereum Cancun upgrade

     according to the latest news from the TRON community, the proposal for upgrading to version 4.8.0 of the mainnet is currently under discussion. This version is planned to support the Ethereum Cancun upgrade and optimize the consensus layer verification mechanism. According to the resolution of the core developer meeting, the proposal is expected to officially enter the voting process on June 23, 2025, Singapore time.
  • Shaurya Malwa ·

    Iran's Nobitex Source Code Exposed Day After Hackers Steal Tokens Across Bitcoin, EVM, Ripple Networks

    The pro-Israel group Gonjeshke Darande follows through on its threats, publishing the full exchange code and security files, thereby placing the remaining Nobitex assets at risk.
    Iran's Nobitex Source Code Exposed Day After Hackers Steal Tokens Across Bitcoin, EVM, Ripple Networks

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company