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FollowingTrump holds meeting with advisers on CLARITY Act ethics
U.S. President Donald Trump met with his advisers on Friday to discuss ethical regulations under the CLARITY Act, an issue of great significance to the cryptocurrency market. According to two people familiar with the matter, they spoke on condition of anonymity due to concerns about the sensitivity of the discussion. Sources pointed out that Trump's meeting with advisers focused on discussing program ethical guidelines for government officials. However, it is unclear the specific results of the meeting and the list of consultants present.
The timing of this meeting is worth noting. The U.S. Senate is scheduled to hold a key procedural vote on the bill on Tuesday. The vote will determine whether the bill can move forward in the Senate legislative process.
Senate Democrats are demanding that the bill include stricter ethics provisions to cover codes of conduct for government officials. According to reports, Democrats particularly want to tighten restrictions on Trump and his family's behavior to profit from cryptocurrency trading activities.
In recent weeks, ethical norms have become one of the main points of contention in the CLARITY Act negotiations. Trump's direct involvement in the process and consulting with advisers suggests that all parties are trying to find a compromise ahead of Tuesday's vote.
As of press time, the White House has not responded to a request for comment on the meeting.
Patrick Witt is optimistic about CLARITY Act
By contrast, Patrick Witt, the Trump administration's top cryptocurrency policy adviser, sent a positive signal in a social media update posted on Saturday. "It's not a good time to be pessimistic about the CLARITY Act," he said.
