Democrats may rewrite CLARITY Act and dare Trump to veto it, Giancarlo says

Former Commodity Futures Trading Commission Chairman Chris Giancarlo has suggested that Democrats could introduce their own version of the CLARITY Act and challenge President Donald Trump to sign it after taking control of Congress in January. Former CFTC Chairman Chris Giancarlo said Democrats could introduce their own version of the CLARITY Act and challenge President Trump to veto the legislation. Giancarlo said he had heard that Maxine Waters intends to retain roughly 80% of the existing CLARITY Act, with the remaining provisions reflecting Democratic priorities. The former regulator expects Democrats to focus their criticism on Trump's family cryptocurrency interests rather than pursue another extensive campaign against the industry.

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