Custodia Bank CEO Caitlin Long stated that controversies surrounding President Donald Trump’s family’s involvement in cryptocurrency have complicated efforts to pass the CLARITY Act, which aims to create a comprehensive U.S. regulatory framework for digital assets. Speaking at ETH Denver, Long noted that the involvement of Trump-linked ventures, such as World Liberty Financial, has made it more challenging to secure bipartisan support for the bill, which has already been delayed in the Senate over various provisions, including those related to DeFi and stablecoins. Despite these hurdles, Long emphasized the importance of legislative action for durable crypto regulation, as regulatory changes by future administrations could undermine any rules established through executive action.
Custodia Bank CEO says Trump family crypto ties hinder CLARITY Act progress
