White House, senators seek compromise on Clarity Act ethics rules

Traders Union
All News
Crypto
Clarity Act ethics compromise

Highlights

White House officials and U.S. senators will meet Thursday to negotiate disputed Clarity Act ethics rules limiting government officials' crypto interests.
Negotiations intensified after Donald Trump disclosed $1 billion in crypto industry income in 2025, fueling Democratic demands to restrict his sector ties.
Senate Majority Leader John Thune aims to advance the Clarity Act before lawmakers leave Washington in early August despite unresolved ethics provisions.

Ethics talks intensify before Senate deadline

As reported by CoinDesk, senior White House officials are expected to meet with U.S. senators on Thursday to try to resolve the most disputed remaining section of the crypto market structure bill. The unresolved issue is the Clarity Act's ethics language, which would limit personal business interests in the crypto sector for senior government officials.

Democrats are pressing for restrictions covering the president, vice president and members of Congress, with much of the debate focused on President Donald Trump's own crypto ties. People briefed on the plans said White House officials, potentially including Chief of Staff Susie Wiles, are expected to join the discussions as negotiators try to close the gap.

Text of an almost final version of the legislation was expected to begin circulating, but that timing may slip later in the week while talks continue. White House spokespeople did not immediately comment on the meeting plans.

Crypto bill faces narrow window for approval

Negotiations between senators from both parties recently hit an impasse over the ethics provision, even as supporters argue that settling the issue would help move the Clarity Act through the Senate's remaining hurdles. Another point of tension is whether Trump is willing to accept restrictions that could affect his own interests.

Pressure on the talks increased after Trump's disclosure that he made more than $1 billion from his industry involvement in 2025. On Tuesday, several Democratic senators said they would oppose the bill if it does not cut what they called Trump's corrupt ties to the sector, though Senator Ruben Gallego, a key participant in the negotiations, was not part of that group.

Gallego and Senator Angela Alsobrooks, both Democrats who voted for the bill in committee, said in May they would not support final passage without an ethics provision. Senate Majority Leader John Thune has said he will press ahead with Clarity later this month whether the final language is completed or not, but lawmakers are set to leave Washington after the first week of August, leaving limited time before attention shifts further toward November's midterm elections.

Our earlier coverage of the Trump Accounts program noted that the U.S. Treasury was moving the initiative into its next implementation stage after the July 2026 White House launch. We highlighted Treasury’s figures showing more than 6.5 million families enrolled and over 1.5 million children eligible for a $1,000 pilot contribution, as well as Frank Bisignano’s appointment to lead the next phase of the rollout.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.