CLARITY Act progress update (07/24): Democrats are furious—what shady tricks are hidden in Trump’s “moral clause”?
On Wednesday, Senate Republicans released an updated text that appeared to concede and add a “moral clause” Democrats have long demanded. But that night, seven Democratic senators collectively voted it down, and Polymarket’s passage odds fell further to 37%.
On the surface: it bans the President, Vice President, members of Congress, and their spouses from issuing or sponsoring digital assets. This is the “red line” Democrats have been pushing for months, and it seems to have been written into the bill.
In reality, it’s just Trump toying with Democrats:
1. In-term provision: state attorneys general and private parties have no power to enforce—only the DOJ can. The problem is—that the Attorney General himself has publicly said in Congress, “I am Trump’s lawyer.” Let Trump’s lawyer enforce Trump’s moral clause—only Trump could pull off something like that.
2. The sunset clause is precisely timed to become ineffective the moment Trump’s term ends—then the next DOJ would have no authority to pursue any illegal conduct during Trump’s term. By the time they can start investigating, the law will already be expired.
The current DOJ won’t go after him, and the future DOJ won’t be able to go after him (clever kid).
Republicans seem to be giving Democrats “face,” but actually they’re just playing games. Next, it remains to be seen whether there’s a traitor within the Democratic Party.
#CLARITY #CLARITY, $BTC $ETH
On Wednesday, Senate Republicans released an updated text that appeared to concede and add a “moral clause” Democrats have long demanded. But that night, seven Democratic senators collectively voted it down, and Polymarket’s passage odds fell further to 37%.
On the surface: it bans the President, Vice President, members of Congress, and their spouses from issuing or sponsoring digital assets. This is the “red line” Democrats have been pushing for months, and it seems to have been written into the bill.
In reality, it’s just Trump toying with Democrats:
1. In-term provision: state attorneys general and private parties have no power to enforce—only the DOJ can. The problem is—that the Attorney General himself has publicly said in Congress, “I am Trump’s lawyer.” Let Trump’s lawyer enforce Trump’s moral clause—only Trump could pull off something like that.
2. The sunset clause is precisely timed to become ineffective the moment Trump’s term ends—then the next DOJ would have no authority to pursue any illegal conduct during Trump’s term. By the time they can start investigating, the law will already be expired.
The current DOJ won’t go after him, and the future DOJ won’t be able to go after him (clever kid).
Republicans seem to be giving Democrats “face,” but actually they’re just playing games. Next, it remains to be seen whether there’s a traitor within the Democratic Party.
#CLARITY #CLARITY, $BTC $ETH
