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Trump Backs CLARITY Ethics Clause, Moves Crypto Bill Forward
Trump's approval of the CLARITY Act's ethics clause removes a key roadblock, setting up a potential Senate vote before the summer recess. The bill would create federal crypto regulations.
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Donald Trump personally approved the CLARITY Act's ethics provision, the White House said. The text has been sent to Republican senators, setting up a possible Senate floor vote before the summer recess.
That timeline is faster than most people expected a few weeks ago, a person familiar with the planning said. The ethics clause had stalled the bill for weeks. Senators from both parties wanted clear conduct guidelines for crypto exchanges, issuers, and intermediaries before they would move forward. The White House sign-off removed that obstacle.
The Senate calendar is tight. The summer recess creates a hard deadline. Leadership must decide whether to prioritize the CLARITY Act over other items. Some senators may use the recess as an excuse to delay, a Senate aide said. That kind of procedural slowdown has killed similar legislation before.