The Clarity Act, a major cryptocurrency bill backed by the crypto industry, is advancing toward a Senate vote amid partisan debate over a provision that would bar the president from selling digital assets.

Democrats and Republicans are haggling over the language, with some lawmakers arguing the restriction is necessary to prevent conflicts of interest, while others say it overreaches. The bill aims to establish a regulatory framework for digital assets, but the presidential ban has become a sticking point.

Industry lobbyists have pushed hard for the legislation, which would provide clarity for exchanges and token issuers. However, the political fight reflects broader tensions over how to regulate a sector that has faced scrutiny after high-profile collapses.

The outcome could shape the U.S. crypto market for years. A Senate vote is expected in the coming weeks, though amendments may alter the controversial clause.