Trump Accepts Stricter Ethics Package for Clarity Act
President Donald Trump has agreed to accept most of the stricter ethics package tied to the Digital Asset Market Clarity Act, removing one of the biggest obstacles facing the crypto market structure bill. Three senior Republicans said that Trump accepted roughly 80% of the proposed changes after Democrats and Senator Thom Tillis of North Carolina demanded stronger conflict-of-interest safeguards before supporting the legislation.
The dispute had centered on whether the bill did enough to address financial interests held by elected officials in companies or projects that issue digital assets. Critics argued that earlier language, which largely focused on preventing federal elected officials and their spouses from issuing crypto assets, did not sufficiently address existing ownership stakes.
The revised framework would require elected officials, their spouses, and federal judges to divest significant financial interests in crypto-issuing entities or place those holdings in a blind trust. This agreement comes immediately before a Senate cloture vote scheduled for Tuesday, September 15.