Trump Yet To Back Bipartisan Ethics Proposal as CLARITY Act Nears August 7 Recess Deadline

President Donald Trump has not signed off on the bipartisan ethics counterproposal designed to break the CLARITY Act logjam, leaving the crypto bill's path to passage uncertain as the Senate heads for its August recess this week. Polymarket data show the odds of Trump signing the bill into law this year have fallen to 27%, a new low.

Crypto journalist Eleanor Terrett, citing sources familiar with the matter, said the White House has yet to respond to the proposal put forward by Senators Thom Tillis and Ruben Gallego. The counterproposal would empower state attorneys general to sue the Department of Justice if the DOJ fails to enforce the ethics provision. That shift is meant to address Democratic concerns that the earlier version–which gave the DOJ sole enforcement power–lacked checks.

Senate Majority Leader John Thune has not yet filed a motion for cloture on the CLARITY Act. Based on the Senate calendar, a final vote is unlikely before Friday at the earliest. The chamber is scheduled to leave for recess by the end of the week, tightening the window.

Beyond the ethics fight, the bill faces renewed law enforcement opposition. The National Sheriffs' Association raised fresh concerns about the BRCA provision, arguing it would make it harder to crack down on illicit finance. Similar pushback has come from prosecutors and law enforcement groups in recent weeks.