Trump Supports Ethics Provision As CLARITY Act Moves Forward

President Donald Trump has agreed to add an ethics provision to the CLARITY Act, removing a key barrier for the crypto market structure bill as it heads toward a Senate vote. Meanwhile, White House crypto adviser Patrick Witt warned that the US could fall behind, since Russia is moving forward with its own cryptocurrency laws.

The ethics provision would stop the president, vice president, members of Congress, and other federal officials from making money from digital assets while in office. Witt also said that delays in passing the CLARITY Act could let other countries influence the future of global crypto regulation.

The ethics package has been the main obstacle to moving the bill forward. Trump reportedly approved it late Monday after talking with Republican senators last week. His support is expected to speed up negotiations before lawmakers leave for the August break.

The CLARITY Act would set up the first full federal rules for digital assets in the US. It also aims to make clear the SEC’s and CFTC’s duties, which have long caused confusion for the bitcoin industry.

Even though the amended wording has not yet been made public, industry executives are hopeful that the Senate may soon vote on the bill. According to Blockchain Association CEO Summer Mersinger, a floor vote might happen this week if talks go on. The bill’s proponents contend that immediate, explicit regulations are required. In order to prevent dishonest people from exploiting legal loopholes, politicians should adopt the measure, according to Stuart Alderoty,

Chief Legal Officer of Ripple. Ryan VanGrack, vice chair of Coinbase, claims that the legislation would strengthen consumer protections, plug vulnerabilities exposed by the FTX collapse, and establish measures against insider trading. The prediction market Polymarket showed more optimism after Trump backed the ethics package.

Trump Agrees to Ethics Provision, Clearing Key Hurdle for CLARITY Act

According to The Block, US President Donald Trump has agreed to an ethics provision in the CLARITY Act, removing the final major hurdle to advancing the crypto market structure bill toward a Senate vote. The… pic.twitter.com/hINSZbLFCf

— Wu Blockchain (@WuBlockchain) July 21, 2026

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