Senate Republicans this week released a revised draft of the CLARITY Act, a bill aimed at establishing a regulatory framework for digital assets, ahead of a possible Senate vote. The new version would prohibit the president and other federal officials from issuing or sponsoring digital assets, a provision that has triggered unusual divisions across Wall Street, Washington and the crypto sector. Goldman Sachs has broken ranks with other major banks over the measure, while Cardano founder Charles Hoskinson has aligned himself with Senator Elizabeth Warren, a longtime crypto critic. The shifting alliances underscore the difficulty lawmakers face in assembling enough support to advance the legislation. The debate reflects broader disagreements over how strictly to regulate digital assets and the role of public officials in the market, leaving the bill's path forward uncertain.
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