Senator Tillis Blocks Crypto Bill Over Ethics

Senator Thom Tillis is reportedly blocking the crypto Clarity Act, demanding the inclusion of ethics provisions. This move introduces a significant hurdle for the bill's passage, as Tillis has stated he will vote against it if these measures are not incorporated. TD Cowen analysts suggest this stance is unlikely to change, noting Tillis's recent success in a standoff with the President over Federal Reserve appointments. The core issue appears to be potential conflicts of interest, which could impact prominent political families.