SkyBridge Capital Founder: Trump's Crypto Business and Meme Coin Issuance Caused the CLARITY Act to Lose Democratic Support

TechFlow reported on November 5 that, according to Cointelegraph, SkyBridge Capital founder Anthony Scaramucci said Trump's crypto business interests and meme coin issuance were key reasons for the stalled advancement of the U.S. CLARITY Act, with such actions weakening Democratic support for crypto regulatory legislation.

In addition, the two sides also disagree on ethics provisions such as crypto asset holdings by government officials and conflict-of-interest restrictions, while the White House opposes further strengthening such restrictions. Scaramucci believes the bill's stall is a shared responsibility. Previously, the bill failed to pass a procedural vote in the Senate on September 15, with 49 votes in favor and 50 against, falling short of the 60-vote threshold required to advance.

Source: TechFlow