The CLARITY bill is being blocked, and Trump's involvement in the encryption field has triggered a review by the House of Representatives

On June 5th, according to The Block, during the review of the Digital Asset Market Clarity Act (CLARITY) by the US House Financial Services Committee, some Democratic lawmakers questioned President Trump's involvement in cryptocurrency, stating that it may constitute a conflict of interest and interfere with legislative progress. The 236 page bill aims to clarify the regulatory responsibilities of the SEC and CFTC for the cryptocurrency market, and requires companies to disclose information and isolate customer funds. Although the bill has received some support from the Democratic Party, Democratic lawmakers are calling for the addition of conflict of interest clauses, otherwise they will oppose its passage. The committee may continue its deliberations next week.