The White House agreed to DOJ-enforced ethics rules covering Trump, clearing the last major hurdle for the CLARITY Act. The bill needs 60 Senate votes and faces Democratic skepticism over enforcement gaps.
NEWS CORP currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
The White House has agreed to an ethics provision covering President Trump, with the Justice Department set to enforce it. The move removes the last major obstacle to a Senate floor vote on the Digital Asset Market Clarity Act, according to Punchbowl News and Crypto in America's Eleanor Terrett.
The agreement was reached Monday between the White House and Republican Sens. Cynthia Lummis of Wyoming and Bernie Moreno of Ohio. Moreno told reporters Monday night that the Justice Department, not state attorneys general, would enforce the ethics rules, Punchbowl News reported.
A previous deal collapsed last month when Republicans and the White House withdrew a provision letting state attorneys general sue the DOJ over enforcement failures. Democrats saw that arrangement as essential given that the department answers to the president. Routing enforcement back through the DOJ eases Republican concerns but may not satisfy the Democrats whose votes the bill needs to pass.
The CLARITY Act needs 60 votes to overcome a filibuster. Only two Democrats, Sens. Ruben Gallego of Arizona and Angela Alsobrooks of Maryland, voted the bill out of the Senate Banking Committee. Both have conditioned their floor votes on strong conflict-of-interest language. Gallego last week told Politico that Republicans were bringing Trump "their ethics provisions, not with anything that we agree to as Democrats," warning the bill would not get Democratic votes.
The fight centers on Trump's crypto holdings. His financial disclosure, released last month, showed his family earned more than $1.4 billion from crypto last year, including memecoin royalties and income from World Liberty Financial.
Senate Majority Leader John Thune has said he wants a CLARITY Act floor vote before the August recess. After that, attention shifts to the November midterms, giving the bill only a few weeks of legislative runway this year. If it clears the Senate, the bill would still need House approval and Trump's signature.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.