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Trump Backs Ethics Rule, Clearing Path for Crypto Bill
Trump agreed to ethics language for the CLARITY Act, ending a months-long standoff. The bill needs 60 Senate votes and faces a tight timeline before the August recess.
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President Donald Trump agreed to an ethics provision for the CLARITY Act, ending a standoff over conflict-of-interest rules that had blocked the U.S. crypto market structure bill.
Trump disclosed over $1.4 billion in crypto income in 2025, including from World Liberty Financial. Democrats wanted safeguards against officials profiting from policies they shape. The agreed language covers how elected officials and senior federal employees can hold or trade digital assets.
White House crypto adviser Patrick Witt said his Army National Guard training was deferred so he could stay in Washington to work on the bill. "Let's finish the job," Witt wrote on X. The agreement followed talks between Trump, Senators Cynthia Lummis (R-Wyo.) and Bernie Moreno (R-Ohio), and Witt.
The specific text has not been released. Democrats have not reviewed the language, three people familiar with the negotiations said.