CoinDesk
Senior White House officials are expected to sit down with U.S. senators on Thursday to try to resolve the ethics provision in the Digital Asset Market Clarity Act, the most contentious unfinished section of the crypto market structure legislation. People briefed on the plans said the meeting may include Chief of Staff Susie Wiles, with text of an almost final version of the bill slipping later in the week while talks continue. White House spokespeople did not immediately comment.
The ethics section would restrict the personal crypto business interests of the president, vice president and members of Congress. Democrats have demanded the limits, most pointedly to address President Donald Trump's own industry ties, after his disclosure that he made more than $1 billion from crypto involvement in 2025. Senators Ruben Gallego and Angela Alsobrooks, both Democrats who voted the bill out of committee, said in May they would not support final passage without an ethics provision, though a vocal group of Democratic senators held a press conference Tuesday calling for opposition to the bill if it does not sever what they called Trump's "corrupt" ties to the sector.
Why it matters
Industry insiders have argued that nailing down the ethics section is the last gate before Clarity can clear the rest of its Senate hurdles, making this White House intervention the highest-level escalation yet on a bill that would set the U.S. crypto market structure for the first time. The negotiation is also a rare intra-administration constraint, asking an executive branch to accept limits on the president's own financial exposure in a sector he has championed. Until that political question is settled, the broader regulatory framework covering trading venues, token classifications and disclosure rules stays in limbo.
Market impact
The calendar is doing the pressuring: the Senate departs for its lengthy summer recess after the first week of August, leaving only weeks to lock in language before lawmakers scatter toward the November midterms.
Frequently asked questions
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What is the Digital Asset Market Clarity Act?
It is the U.S. crypto market structure bill that would set federal rules for digital asset trading venues, token classifications and disclosure requirements for the first time.
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What is the ethics provision in the Clarity Act?
It is a section that would restrict the personal crypto business interests of the president, vice president and members of Congress, a key Democratic demand aimed at Trump's industry ties.
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Why is the ethics provision holding up the bill?
Democrats led by Senators Ruben Gallego and Angela Alsobrooks have said they will not support final passage without it, while the White House has not yet committed to language that could constrain President Trump's crypto exposure.
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Who is meeting at the White House and when?
Senior White House officials, possibly including Chief of Staff Susie Wiles, are expected to meet with U.S. senators on Thursday to try to close the gap, though the White House declined to comment on the plans.
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What is the deadline for passing the Clarity Act?
The Senate departs for its lengthy summer recess after the first week of August, leaving only weeks to finalize language before lawmakers pivot to the November midterm elections.
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