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Democrats have proposed amendments to strengthen conflict-of-interest rules to prevent officials, including President Trump, from profiting from crypto holdings.
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The Senate Banking Committee voted Thursday to advance the Digital Asset Market Clarity Act, moving the country’s most ambitious crypto market structure bill closer to a full Senate vote.
The bill cleared the panel in a 15 to 9 bipartisan vote, with Democratic Senators Ruben Gallego and Angela Alsobrooks joining Republicans to support the measure. The vote gives the legislation fresh momentum after months of negotiations over market structure, stablecoins, illicit finance controls, and investor protections.
