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FollowingTrump agrees to reach a compromise on bipartisan crypto ethics bill before the Senate vote
President Donald Trump has agreed to support most of a bipartisan ethics proposal related to a revised CLARITY Act that aims to set new standards for digital asset regulation in the United States. The move comes ahead of a key Senate procedural vote on September 15, in which supporters must gain 60 votes to move the bill to the next stage.
The CLARITY Act seeks bipartisan reform
After reaching a compromise with Trump, Republican senators issued a revised version of the CLARITY Act. The bill, developed by lawmakers including Senators Thom Tillis and Ruben Gallego, focuses on regulating possible conflicts of interest among federal officials involved in digital asset markets. The legislation proposes comprehensive rules to address ethical challenges and promote transparency.
The original version of the bill prohibited federal elected officials, their spouses, and federal judges from directly issuing digital assets. Lawmakers led by Tillis and Gallego advocated for stricter measures and increased enforcement powers at the state level, targeting potential loopholes and strengthening oversight. According to a senior Republican aide, Trump accepted about 80% of the expanded ethics proposals. The compromise is aimed at improving the bill's prospects among Democratic senators, whose votes are crucial to its passage.
Small Dictionary:
CLARITY Act: A proposed U.S. federal law to establish a comprehensive regulatory framework for the digital asset market and improve ethical standards for public officials engaged in cryptocurrency-related activities.
Stronger enforcement and divestiture requirements
A core feature of the revised bill is to give state attorneys general clear enforcement powers to pursue violations by cryptocurrency exchanges that list digital assets prohibited under the bill. So far, only the U.S. Department of Justice has primary enforcement powers, but the new rules seek cooperation from state and federal governments.
The updated terms also require certain federal officials who hold significant economic interests in cryptocurrency issuing entities to either divest those positions or place them in "blind trusts" to address conflict of interest concerns in digital asset policymaking.
Senators Cynthia Lummis, Tim Scott and John Boozman emphasized on Platform X that the revised bill gives state attorneys general a "meaningful law enforcement role." Democratic senators have insisted on strengthening conflict of interest protection as a condition of support, repeatedly calling for state enforcement powers to be given in addition to federal agencies.
White House officials had worried that state attorneys general might use the new powers for political advantage. However, after more than a year of negotiations, White House cryptocurrency adviser Patrick Witt said the administration has addressed the Democratic Party's core policy issues.
Upcoming Senate votes and legislative outlook
The Senate is scheduled to hold a procedural vote on September 15, requiring 60 votes to advance the bill. If there are not enough votes, the way forward for the CLARITY Act may narrow significantly, especially on the eve of the November 2026 midterm elections.
The ethics clause has been the main difficulty in promoting the progress of this legislation. The core goal of the CLARITY Act is to create a unified federal approach to the regulation of digital assets, an issue that has attracted bipartisan interest and debate.
President Trump's acceptance of most of the terms of the Tills-Gallego ethics proposal removes a major political hurdle and paves the way for state and federal authorities to jointly oversee cryptocurrency market behavior and potential conflicts of interest. If the Senate moves forward with the bill, lawmakers will continue to debate final language and enforcement provisions in coming weeks. Otherwise, further cryptocurrency regulation may be delayed due to needs in the 2026 election cycle.
