Sen. Tillis demands 'ethics provision' in CLARITY Act aimed at Trump family

U.S. Senator Thom Tillis has set a new red line for the CLARITY Act, a stablecoin regulation bill, according to BeInCrypto. The senator has declared he will oppose the legislation unless it includes an ethics provision targeting the cryptocurrency ventures of President Donald Trump's family. The proposed clause would prohibit federal officials, including the president, from issuing or sponsoring digital assets. This move is seen as a direct challenge to the Trump family's crypto businesses, such as "World Liberty Financial," which is estimated to be worth over $1 billion. With Tillis, who is set to retire, now working with Democratic negotiators, his stance could complicate the Republican party's plans to pass the bill before the midterm elections.