New Delhi, July 14 -- $636 million earned from his TRUMP memecoin in 2025.

Senate negotiations over the CLARITY Act, legislation designed to resolve which federal regulator governs digital assets, have hit a wall over proposed ethics requirements that would prohibit senior government officials and their families from holding crypto assets while in office, CoinDesk reported. The impasse has intensified as Senate Majority Leader John Thune signaled his intention to bring the bill to a floor vote this month, leaving a window of only a few weeks before the chamber breaks for summer recess.

"We cannot let self-dealing destroy an opportunity to strengthen consumer protections," said Sen. Kirsten Gillibrand, a Democrat from New York, who is pu...