The U.S. House Financial Services and Agriculture Committees are jointly reviewing proposed amendments to the CLARITY Act, legislation aimed at enhancing regulatory transparency for the digital asset sector. The markups include debates over multiple amendments designed to shape oversight mechanisms for cryptocurrencies.
Notably, Amendment #2 – which sought to prohibit former President Donald Trump and his immediate family members from profiting through cryptocurrency trading or endorsement activities – was rejected during committee deliberations. Amendment #1, proposing a broad reauthorization of the Commodity Futures Trading Commission (CFTC) beyond the bill’s scope, was also dismissed.
In contrast, Amendment #6 received committee approval, granting the CFTC authority to impose increased fees on market participants. This measure aims to bolster funding for regulatory oversight activities.
Additional amendments concerning former President Trump remain under active consideration by other congressional members beyond the reviewing committees, indicating ongoing legislative focus on crypto-related governance.