U.S. President Donald Trump has agreed to include ethical restrictions in the CLARITY Act bill. This was reported by The Block citing an anonymous source.
Journalist Eleanor Terrett shared similar information. According to her unnamed sources, the White House has approved a package of provisions and sent the text to some Republican senators.
🚨NEWS: I’m hearing from multiple industry sources that the White House has agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans this afternoon.
It’s still unclear what the details of the agreement are (I’ve reached out for…
— Eleanor Terrett (@EleanorTerrett) July 20, 2026
On July 14, Democratic senators Chris Murphy, Jeff Merkley, and Chris Van Hollen opposed the current version of the CLARITY Act. They demanded a ban on the president, members of Congress, high-ranking officials, and their families profiting from the crypto business.
The ethical provision was discussed on July 16 during a meeting between Trump and Republican senators. Participants included Cynthia Lummis, Bernie Moreno, Thom Tillis, and Bill Hagerty, along with White House cryptocurrency advisor Patrick Whitt and chief of staff Suzy Wiles. Democratic representatives were not invited to the meeting.
Later, Elizabeth Warren urged Trump to voluntarily disclose any income related to digital assets from January 1 to July 15 of this year. She stated that the president should do this as soon as possible, without waiting for the mandatory report for 2026, which is only submitted by May of the following year.
According to the 2025 declaration, projects and assets related to the crypto industry generated at least $1.4 billion in revenue for the U.S. president. The White House has denied any conflict of interest.
The House of Representatives passed the CLARITY Act on July 17, 2025, with a majority vote of 294 to 134. On May 14, 2026, the Senate Banking Committee approved its version of the document with a vote of 15 to 9 and sent it for consideration by the full chamber.
The bill aims to delineate the powers of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission regarding the digital asset market. The new version with proposed ethical norms has not yet been published. A date for consideration in the plenary session has also not been set, and negotiations must be completed before the Senate's August recess.
In July, American banking associations called for clarifications on the CLARITY Act's provisions regarding stablecoin yields. They believe the current wording leaves room for payments that are economically similar to interest on deposits.