The White House is advocating for Senate Democrats to accept an ethics agreement related to the crypto Clarity Act, although specifics of the deal remain undisclosed.
By Jesse Hamilton|Edited by Nikhilesh De Jul 21, 2026, 6:14 p.m. 3 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on President Donald Trump's administration is urging Democrats to support his proposed ethics changes related to the crypto sector, although specifics are not yet available. (Jesse Hamilton/CoinDesk)SummaryShow- President Donald Trump is reported to have made significant concessions regarding an ethics provision in the crypto Clarity Act that limits presidential activities, and the White House is encouraging Democrats to endorse it.
- Nonetheless, the specifics of Trump's agreement, which are crucial for advancing the crypto bill through the Senate, have not been disclosed.
- Democrats have expressed caution in assuming that this deal will adequately address their concerns.
According to a White House official who requested anonymity, Senate Democrats are being urged to accept the conflict-of-interest agreement that President Donald Trump negotiated with Republicans to resolve a key issue in the crypto market structure bill.
The official stated that Trump "has agreed to the most comprehensive and wide-ranging ethics provision in history," yet no details have been shared about the specific crypto restrictions he may have accepted for the Digital Asset Market Clarity Act, with Democrats remaining uninformed about this aspect.
The final draft of the Clarity Act has been delayed as negotiators attempt to finalize the critical missing component—the section aimed at preventing senior government officials, including Trump, from having personal business connections to the crypto sector.
Democratic legislators have not been briefed on Trump's concessions, according to sources familiar with the matter, while Republicans and the crypto industry have launched a concerted campaign to portray Democrats as obstacles to the legislation's progress.
"If Senate Democrats block this historic legislation after the administration has gone to great lengths to accommodate their concerns, stakeholders should understand: it is the Democrats who are obstructing this legislation because they were never serious about reaching a legislative outcome," the White House official remarked.
Democratic negotiators such as Senators Kirsten Gillibrand, Ruben Gallego, and Angela Alsobrooks reportedly have not been informed of the details of the agreement made with Trump, who engaged with Republican senators last week. However, many Democrats have made it clear that the ethics provision—largely driven by Trump's own extensive connections to the crypto world—must be robust.
The situation has intensified following disclosures that the president earned over $1 billion last year from his crypto investments.
The White House, along with Republicans and their allies in the crypto sector, are already building their argument against any Democrats who do not agree to the revised ethics stipulations, although it remains uncertain when these details will be shared with them.
The industry anticipates that the legislative language for the Clarity Act will be circulated by Tuesday night or Wednesday, although this timeline has faced repeated delays since last week.
The Senate has a limited window of fewer than three weeks to finalize the bill, including the ethics provision, and secure its passage before lawmakers depart for their reelection campaigns. While there is technically time available, it will be a challenging timeline even without substantial further debate.
Currently, Senator Alsobrooks expressed to Crypto In America that an ethics enforcement mechanism reliant on the Department of Justice is "unserious," pointing out the unusual situation created by Trump's appointments of loyalists to federal law enforcement. Democrats are concerned that the DOJ, under presidential influence, may not effectively enforce the Clarity Act's ethics regulations against him. Todd Blanche, Trump's personal attorney, is undergoing a confirmation process to lead the department.
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TRON Network - Q2 2026
TRON Network - Q2 2026
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By CoinDesk Research5 hours agoCommissioned byTronIn Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
Why it matters:
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
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