Trump backstop on ethics clause clears path for CLARITY Act in Senate

President Donald Trump backed an ethics provision in the CLARITY Act, giving the crypto market-structure bill a clearer path in the Senate. CoinDesk reported the endorsement removes a major hurdle for the legislation. The proposed language would bar federal officials – including the president and members of Congress – from benefiting financially from digital assets while in office. Enforcement would shift to the Justice Department. The White House called it the most sweeping ethics provision in history. Senate Banking Committee Chairman Tim Scott and House Speaker Mike Johnson now hold the next moves. Any public statement or endorsement from Trump could signal a higher chance of passage. Markets are watching for shifts in support from influential lawmakers that could sway the bill's trajectory.