As the Senate approaches the end of its session, key discussions are set to take place regarding the contentious ethics section of the crypto market regulation bill.
By Jesse Hamilton|Edited by Nikhilesh De Jul 15, 2026, 2:37 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on High-level discussions are anticipated at the White House regarding the ethics section of the Clarity Act. (Jesse Hamilton/CoinDesk)SummaryShow- Top officials from the White House are set to engage with senators to finalize the most challenging aspect of the Clarity Act.
- A resolution on this matter could pave the way for the bill's advancement through the Senate, though time is becoming a critical factor.
Senior officials from the White House are expected to meet with U.S. senators on Thursday to address the most complex element of the proposed legislation to regulate cryptocurrency markets in the U.S., as reported by sources familiar with the situation.
The Digital Asset Market Clarity Act is nearing the end of its potential Senate discussion period, with the unresolved issue being restrictions on senior government officials' personal business interests in the crypto industry. Democrats have called for such restrictions, particularly in light of President Donald Trump's connections to the sector, but a compromise has yet to be reached as the Senate calendar runs short.
White House officials, potentially including Chief of Staff Susie Wiles, are expected to engage with senators to bridge this divide, according to sources. Although a nearly finalized draft of the Clarity Act was anticipated to circulate, delays may occur as negotiations continue, one source noted.
Officials from the White House have not provided immediate comments regarding the planned meetings.
Negotiations among bipartisan senators reportedly hit a stalemate over the ethics section, which calls for restrictions on personal crypto engagements for the president, vice president, and congressional members. Trump's recent disclosure of earning over $1 billion from his involvement in the industry in 2025 has intensified scrutiny from critics.
On Tuesday, a group of Democratic senators held a press conference urging opposition to the Clarity Act unless it effectively severs Trump's "corrupt" connections to the crypto sector. However, Senator Ruben Gallego, who has been instrumental in the ethics negotiations, was notably absent from this vocal group. Gallego, alongside fellow Democratic Senator Angela Alsobrooks, who supported the bill in committee, stated in May that they would not endorse the final version without an ethics provision.
Industry experts argue that resolving the ethics section could facilitate the Clarity Act's passage through the Senate, but uncertainty remains regarding Trump's willingness to accept restrictions that might impact him.
The Senate is scheduled to depart for its extended summer recess after the first week of August, leaving a narrow window to finalize the Clarity Act before lawmakers shift their focus towards the midterm elections in November.
Senate Majority Leader John Thune has indicated his intention to advance the Clarity Act later this month, regardless of whether the final language has been established.
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
By CoinDesk ResearchJul 13, 2026CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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