Trump Holds Secret Talks on Crypto Ethics Rules Ahead of Key Senate Vote
President Donald Trump held last-minute talks on crypto ethics rules ahead of a key Senate vote scheduled for September 15. The meeting, which was confirmed by two people familiar with the discussions, focused on conflict-of-interest rules that Senate Democrats have made a precondition for allowing the CLARITY Act to advance.
The CLARITY Act is sweeping digital-asset legislation that aims to establish federal rules for digital-asset markets, including the boundaries between securities and commodities oversight. However, the bill's fate now hinges on resolving ethics provisions.
Senate Democrats have withheld support over stronger restrictions on government officials profiting from cryptocurrency ventures, specifically targeting the president's own family. The Trump family's financial ties to the sector include World Liberty Financial, a decentralized finance platform, and the TRUMP memecoin.