Tyler Williams, a senior US Treasury official overseeing digital asset policy and adviser to Treasury Secretary Scott Bessent, has left the department. His departure comes as Congress remains deadlocked over the CLARITY Act.
President Trump has reportedly accepted proposed ethics restrictions for the Digital Asset Market Clarity (CLARITY) Act, a key hurdle in US crypto legislation. This moves the decision to Senate Democrats, who must now review the language and decide if it's sufficient to secure the necessary votes for passage amidst Trump's family's crypto interests.
Bitcoin and the broader crypto market show signs of recovery, with BTC topping $67,000, driven by progress on US crypto legislation (CLARITY Act) and a potential shift of capital from a slowing AI-linked equities trade.
Donald Trump faces accusations of "brazen crypto corruption" after financial disclosures revealed his family's cryptocurrency ventures generated over $1 billion in his first year back in the White House. Democrats, including Elizabeth Warren, are demanding legislation to prevent officials from profiting from the crypto industry.
Senators had hoped the issue, which has plagued crypto legislation for months, had been put to bed with a proposed compromise last week.
