The White House has vetoed a provision in the CLARITY Act aimed at preventing U.S. officials from having conflicts of interest in cryptocurrency dealings. The proposal, which was rejected on June 11, sought to restrict the president, vice president, and members of Congress from engaging in crypto projects while in office. This move comes amid Democratic concerns over former President Trump's alleged profiteering in the crypto sector. The rejected clause, proposed by Democratic Representative Maxine Waters, intended to align with campaign finance norms to mitigate political sensitivity. Despite the setback, the White House is negotiating with House Republicans to finalize the CLARITY Act and related stablecoin legislation before the July recess. The bill's progress remains uncertain due to potential lack of Democratic support, which could hinder its advancement to the Senate.