Dem Senator Slams GOP’s CLARITY Ethics Proposal as ‘Not a Serious Effort’: Report
Senate Democrats are mounting a fresh push to rewrite the CLARITY Act’s ethics provisions after dismissing the White House-backed proposal unveiled by GOP senators, according to Politico.
Senator Ruben Gallego blasted the latest draft and said that the proposal Republicans sent back was “not a serious effort” despite months of bipartisan negotiations.
Dispute Deepens in Senate
At the center of the dispute is how to prevent President Donald Trump from profiting from digital assets. Democrats insist they cannot support ethics rules that are enforceable only by the Department of Justice. Negotiations involving Gallego, Senators Cynthia Lummis and Bernie Moreno, and the White House ultimately collapsed over whether state attorneys general should also have authority to enforce the provisions.
In an interview on Thursday, Gallego said,
“I can’t imagine that that’s a serious effort – after all the work that we’ve done with our Republican colleagues, that they would take the months and months of work and somehow interpret that and turn around and think what they offered was even remotely close.”
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