{"id":201990,"date":"2026-07-21T19:25:50","date_gmt":"2026-07-21T19:25:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=201990"},"modified":"2026-07-21T19:25:50","modified_gmt":"2026-07-21T19:25:50","slug":"white-house-presses-senate-democrats-to-accept-trump-ethics-deal-on-clarity-act","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=201990","title":{"rendered":"White House Presses Senate Democrats To Accept Trump Ethics Deal On Clarity Act"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

White House Presses Senate Democrats To Accept Trump Ethics Deal On Clarity Act<\/a><\/p>\n

<\/div>\n

The White House is pushing Senate Democrats to accept a conflict-of-interest agreement that President Donald Trump worked out with Republicans, a move that negotiators hope will settle the last major dispute in the Digital Asset Market Clarity Act.<\/p>\n

A White House official, who spoke on the condition of anonymity, told<\/a> CoinDesk <\/em>that Trump \u201chas agreed to the most comprehensive and wide-ranging ethics provision in history.\u201d\u00a0<\/p>\n

No details have emerged on what crypto restrictions Trump has consented to, and Democrats have been kept out of the loop on the provision.<\/p>\n

The ethics section would restrict senior government officials from personal business ties to the crypto industry, including Trump, whose family holdings have generated more than $2 billion in new wealth since he returned to office, according<\/a> to Reuters. Release of the final draft has stalled for several days as negotiators work through the language.<\/p>\n

Democratic lawmakers have not received a briefing on the concession, though Republicans and the crypto industry have begun a sales campaign that casts Democrats as the obstacle.<\/p>\n

\u201cIf Senate Democrats block this historic legislation after the administration has bent over backward to accommodate their concerns, stakeholders should make no mistake: It is the Democrats who are blocking this legislation because they were never serious about a legislative outcome,\u201d the White House official said.<\/p>\n

Treasury Secretary Scott Bessent has added<\/a> his voice to the push, saying that lawmakers stood at the \u201c1-yard line\u201d on the Clarity Act and urging Congress to pass the bill before the recess.<\/p>\n

Clarity Act updates coming out of the White House<\/h2>\n

Democratic negotiators such as Senators Kirsten Gillibrand, Ruben Gallego and Angela Alsobrooks have not seen details of the agreement with Trump, who met with Republican senators at the White House<\/a> last week.<\/p>\n

Many of the Democrats have drawn a line that the ethics provision needs to be strong. Trump has pressed the Senate to pass<\/a> the Clarity Act, and his disclosure that he made more than $1 billion from crypto in 2025 has given critics fresh ammunition.<\/p>\n

The Clarity Act\u2019s text cleared the Senate Banking Committee in a 15-9 vote<\/a>, with Gallego and Alsobrooks joining Republicans to advance it.\u00a0<\/p>\n

Both said in May they would not back the final passage without an ethics provision. During the committee markup<\/a>, an amendment from Senator Chris Van Hollen to bar the president, vice president and members of Congress from crypto business ties failed 11-13.<\/p>\n

The industry expects full circulation of the legislative text this week, according to CoinDesk.\u00a0<\/em><\/p>\n

The Senate has fewer than three weeks to finish the bill and clear a floor vote before Majority Leader John Thune\u2019s August 7 deadline, when lawmakers break for their reelection campaigns and enter a narrow stretch<\/a> to finish the bill.\u00a0<\/p>\n

Galaxy Research puts the odds of passage at 50-50<\/a>.<\/p>\n

This post White House Presses Senate Democrats To Accept Trump Ethics Deal On Clarity Act<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine White House Presses Senate Democrats To Accept Trump Ethics Deal On Clarity Act The White House is pushing Senate Democrats to accept a conflict-of-interest agreement that President Donald Trump worked out with Republicans, a move that negotiators hope will settle the last major dispute in the Digital Asset Market Clarity Act. A White […]<\/p>\n","protected":false},"author":0,"featured_media":201991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-201990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/201990"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=201990"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/201990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/201991"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=201990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=201990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=201990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}