CLARITY Act negotiators agreed on ethics language with DOJ enforcement, not state AGs. Senator Thune sees 'good chance' for bipartisan deal. GOP needs 7 Democratic votes to overcome 60-vote threshold.
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Bipartisan lawmakers met on Capitol Hill today to finalize ethics language for the Digital Asset Market CLARITY Act. The largest remaining hurdle is now resolved, with the Justice Department designated to enforce the provisions instead of state attorneys general, Senator Kevin Cramer said.
Eleanor Terrett, a journalist covering crypto policy, posted on X that bipartisan discussions were underway and that negotiators are also considering additional DeFi provisions, though ethics was the primary focus. A White House spokeswoman called last week's meeting "productive" and said the ethics text due in the coming days would reflect that conversation.
Coinbase Vice Chair Ryan VanGrack described the new requirements as "more teeth" for the bill, citing gaps in existing customer protections. He did not specify the new rules. Senate Majority Leader John Thune expressed optimism about a deal. "There's a good chance lawmakers can come to an agreement," he said, while warning that talks could still shift course.
Republican leaders need support from at least seven Democrats to clear the Senate's 60-vote threshold, given 53 GOP seats. That gives the minority party leverage over consumer-protection language and ethics rules for elected officials holding digital assets. The provisions emerged after concerns about conflicts of interest between public office and crypto activities.
President Donald Trump accepted the ethics language after recent negotiations, according to a CoinGape report. The final text has not been published. Cramer said negotiators had agreed on the terms and that the DOJ would handle enforcement. "I believe we're almost at the finish line," he said.
For the crypto market, the bill's progress signals a potential regulatory framework that could clarify oversight of digital assets and decentralized finance. Coinbase, which has advocated for tailored rules, stands to benefit from reduced uncertainty. Passage would also set a precedent for how Congress treats DeFi and custody rules, areas that remain in negotiation.
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