Crypto▼ Bearish
CLARITY Act Stalls as White House Holds Up Ethics Provision
White House has not signed off on ethics provision for the CLARITY Act, delaying Senate floor vote. Approval odds on Polymarket slip to 31% as August recess approaches.
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The CLARITY Act remains stuck in limbo. The White House has not signed off on a key ethics provision, delaying the release of updated bill text and pushing back a Senate floor vote that Majority Leader John Thune had hoped to schedule before the August recess.
According to a Crypto In America report, the White House has not made clear which ethical parameters it would support. That came despite a meeting last week between President Trump and Republican senators focused on the crypto bill. Democrats have pushed for an ethics provision to curb the president's involvement in crypto, especially after his financial disclosure showed he earned up to $1.4 billion in crypto income last year.
Senator Elizabeth Warren has asked for Trump's updated financial disclosure, saying it is vital as lawmakers address ethical concerns. Democrats have also signaled that Republicans have largely failed to include them in negotiations over the provision, including during last week's White House meeting.