Trump Allies Scramble for Clarity on Cryptocurrency Ethics Guidelines

Developments in the US on the CLARITY Act, which aims to regulate the cryptocurrency market, are underway. According to crypto journalist Eleanor Terrett, close supporters of President Donald Trump have been working behind the scenes to reach a compromise on ethical considerations for public officials and politicians involved in the sector.

The proposed ethics regulation would include limitations on financial interests in the cryptocurrency space. However, there is no agreement yet on the final scope of the proposal or how it will be incorporated into the CLARITY Act text.

Meanwhile, negotiations continue on other unresolved issues in the bill, with the White House leading discussions on the Blockchain Regulatory Certainty Act (BRCA). The regulation aims to clarify under what conditions individuals developing software or providing infrastructure services on decentralized blockchain networks will not be considered financial intermediaries.