Trump Accepts CLARITY Act Ethics Rules Amid $1.4B Crypto Disclosure
The CLARITY Act has gained momentum after President Trump accepted ethics rules that would require officials holding large crypto stakes to sell those assets or place them in blind trusts. This move aims to curb potential conflicts of interest in digital commodities trading.
The new provisions also block officials and their spouses from issuing digital assets, further preventing conflicts of interest. Additionally, the Treasury gains authority to intervene if stablecoin yields trigger major bank deposit outflows.
The bill still needs 60 Senate votes to advance, with a key procedural vote scheduled for Tuesday, Sept. 15. Notably, Trump disclosed more than $1.4B in crypto-related income during 2025, which may be related to the increased scrutiny of officials' crypto holdings.