The White House rejects the restrictive clauses in the CLARITY Act regarding conflicts of interest in cryptocurrencies According to sources familiar with the matter, lawmakers from both parties in the United States have proposed adding conflict of interest restrictions to the CLARITY Act, which prohibits senior politicians (such as the President, Vice President, members of Congress, or their families) from engaging in cryptocurrency business during their term of office, in order to address concerns about profiting from cryptocurrency. A source familiar with the matter said that both parties have put forward wording similar to existing campaign funding and financial disclosure regulations in good faith, in order to avoid being seen as a direct condemnation of President Trump's numerous cryptocurrency business activities. But the White House rejected the proposal at a critical stage of negotiations, stating that it would not accept the proposed wording of the CLARITY Act, and negotiations stalled.