Trump's Crypto Income Blocks Progress on CLARITY Act

The Digital Asset Market Clarity Act (CLARITY Act) is still facing obstacles in the Senate, particularly regarding its ethics provision. This provision aims to limit senior officials' personal crypto business interests, with President Donald Trump's own $1 billion-plus in 2025 crypto income being a major sticking point.

Trump has repeatedly urged Congress to pass the CLARITY Act, but he has not publicly stated whether he would sign legislation if it directly restricts his own businesses. The President is scheduled to meet with senators on Thursday to negotiate this unresolved issue.

The Senate will adjourn after the first week of August, and lawmakers will shift their focus to the November midterm elections. If a final draft of the pending bill is not circulated soon, its fate may be uncertain.