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Tillis, Gallego Finish Clarity Act Ethics Rewrite With Recess Near
Tillis and Gallego reportedly finished rewriting the Clarity Act's ethics section, but the text is unseen and the Senate has days before recess.
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Two senators have reportedly finished a rewrite of the Clarity Act's conflict-of-interest section. Nobody outside the room has seen the text, and the Senate is nearly out of time.
Senators Thom Tillis, a Republican, and Ruben Gallego, a Democrat, completed their version of the ethics language, according to CoinDesk, citing sources familiar with the matter. The section would bar senior government officials from direct ties to cryptocurrency projects, a provision written with President Donald Trump's crypto business in mind. Trump agreed last week to ethics constraints that Democratic opponents faulted for leaving enforcement to a Justice Department run by his own appointees. The push for tougher language has intensified after a disclosure showed the Trump family cleared more than $1.4 billion from crypto in 2025.