The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests.
US Democratic Senators working on crypto market structure legislation filed several amendments on Friday, including measures to address conflicts of interest with US officials profiting from the crypto industry.
The ethics-focused amendments were filed ahead of the Senate Agriculture Committee’s markup for the crypto market structure legislation this Tuesday, which seeks to give greater clarity on federal rules for digital assets, define agency oversight, and bring regulatory certainty to investors and market participants.
One of the most notable amendments was Senator Michael Bennet’s purported inclusion of the Digital Asset Ethics Act into the crypto market structure legislation to prevent US officials from profiting from the crypto industry.
