BlockBeats News, July 24th - According to Politico, US Democratic Senator Ruben Gallego criticized the ethics provisions of the recent proposed Digital Asset Market Structure and Investor Protection Act, known as the CLARITY Act, submitted by Senate Republicans, stating that this version was "not a serious effort."

This Wednesday, Senate Republicans unveiled the CLARITY Act draft, which includes digital asset ethics restrictions aiming to prohibit all US federal officials (including former President Trump) from issuing or endorsing any digital assets.

The Democratic Party believes that the ethics provisions are not strong enough. Gallego said he would work with Republican Senator Thom Tillis and others to propose a new countermeasure.

Gallego stated: "We are still in this fight and will submit new provisions."

Republicans, however, countered that the relevant ethical provisions were already strict enough. Senator Bernie Moreno stated that the draft includes "the strongest ethics provisions in American history."

The CLARITY Act aims to clarify the regulatory framework for the US digital asset market, but provisions regarding government officials and conflicts of interest with crypto assets have become a major point of contention in the bipartisan negotiations.