Bitcoin (CRYPTO: BTC) reclaimed $78,000 for the first time in three days as Sen. Cynthia Lummis (R-Wyo.) praised President Donald Trump for agreeing to additional ethics restrictions ahead of Tuesday’s CLARITY Act vote.
What Changed In Clarity Act
Lummis said the latest text gives state attorneys general direct authority to enforce ethics restrictions on federal officials, while also allowing them to pursue digital asset exchanges and issuers under consumer protection laws.
She said the final text incorporates “substantially all” of the Tillis-Gallego framework and more than 120 changes sought by Democrats.
Those changes include stronger conflict-of-interest rules for crypto exchanges, restrictions around affiliate trading and Treasury “circuit-breaker” authority designed to protect community banks.
