The CLARITY Act's Last Obstacle Is the President It Would Bind
Trump won't commit to ethics language restraining his own crypto business while in office. With the Senate's August clock running down, that one clause now decides whether the industry gets its market-structure law, or waits until 2027.
The most consequential meeting in crypto policy this year lasted an afternoon and produced no paper trail. On July 16, President Trump sat down at the White House with Republican Sens. Bernie Moreno and Cynthia Lummis and top White House crypto adviser Patrick Witt, to work through the single provision standing between the Digital Asset Market Clarity Act and a Senate floor vote. What came out of the room is contested. The Block, citing someone present, reported that Trump did not sign off on any ethics language and that there was no agreement on what, if anything, he could support; a separate source told the same outlet the talks went well. Lummis's office...
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