According to CoinMeta, the U.S. "Clarity Act" has been hindered due to President Trump's memecoin. Senators Elizabeth Warren and Richard Blumenthal have requested the U.S. Securities and Exchange Commission (SEC) to conduct an investigation. The act was intended to provide regulatory clarity for the crypto industry, but it could not proceed due to Trump's tokens. The ethical provisions of the act became the last unresolved part, hindering voting on it. The act has bipartisan support and has already been passed by the committee, but it is currently at a deadlock over whether the president should profit from tokens during his tenure.