Foresight News
Foresight News|May 14, 2026 16:09
During the review of the CLARITY Act, Trump's amendment to address conflicts of interest in encryption was rejected 11-13 Foresight News reported in real-time that during the review of the CLARITY Act by the US Senate Banking Committee, the committee rejected Chris Van Hollen's 35th Amendment with 11 votes in favor and 13 votes against. The amendment aims to prohibit the President and members of Congress from serving as issuers of encrypted assets and require relevant personnel to increase transparency and disclosure. \Van Hollen stated in his statement that the Trump family has profited billions of dollars through cryptocurrency projects such as World Liberty Financial, including transactions with the UAE royal family - and Trump subsequently relaxed restrictions on UAE chip and AI exports. He also pointed out that Trump and Melania Meme have caused retail investors to accumulate losses of $4.3 billion, while Trump himself can profit regardless of market fluctuations. Republican Senator Bernie Moreno refuted on the spot, stating that the amendment falls under the jurisdiction of the Judiciary Committee rather than the Banking Committee, and criticized Van Chris Van Hollen for falsely claiming that the president had engaged in corrupt behavior.
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