The ethics amendment in the CLARITY bill review was not passed

During the review of the CLARITY bill by the US Senate Banking Committee, the ethics amendment proposed by Senator Chris Van Hollen was rejected with 11 votes in favor and 13 votes against. The amendment aims to prohibit senior government officials from having commercial interests in the cryptocurrency industry and strengthen transparency requirements. Senator Bernie Moreno opposes the amendment, arguing that its criminal penalty provisions should be handled by the Judiciary Committee, and criticizing Van Hollen's corruption allegations for lacking evidence.