Senate Republicans Release 616-Page Clarity Act Barring Federal Officials From Crypto Profits Through 2029
Senate Republicans released an updated 616-page draft of the Clarity Act, inserting a new ethics provision that bars the president, vice president, members of Congress, federal judges and their spouses from issuing or promoting digital assets for compensation through January 2029. The proposal extends the restriction to former presidents and requires covered officials to sell their cryptocurrency holdings or place them in a blind trust they do not control.
The release positions the major market-structure legislation for a potential Senate floor vote within the next three weeks before the August recess. Bipartisan negotiations remain ongoing, with Senate Democrats yet to endorse the text and a Hispanic business coalition warning of potential deposit flight and reduced lending to small businesses. Goldman Sachs Chief Executive David Solomon urged the bill's advancement, while prediction markets for its passage remain below 40 percent.
From the sources (25 posts)
@bitcoinmagazineJUST IN: 🇺🇸 Coinbase Vice Chair talks CLARITY ACT on CNBC "The Democrats have obtained meaningful concessions to make what was already a strong consumer protection bill, THAT much stronger" 👏
@tftc21Coinbase Vice Chair on CNBC talking about the CLARITY Act: "The Democrats have obtained meaningful concessions to make what was already a strong consumer protection bill, THAT much stronger."
@theblockcoTHE BLOCK: One of the biggest remaining hurdles for crypto legislation may still be unresolved. As of Monday, no agreement has solidified following a closed-door meeting last week to discuss an ethics provision in the Clarity Act, which wo
@eleanorterrett🚨NEWS: I’m hearing from multiple industry sources that the White House has agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans this afternoon. It’s still unclear what the details of the agree
@tyler_did_itWow this could actually be what it takes to push the Clarity Act through Market not quite convinced yet though
@theblockcoRT @WuBlockchain: Trump Agrees to Ethics Provision, Clearing Key Hurdle for CLARITY Act According to The Block, US President Donald Trump…
@cryptoroverBREAKING: 🇺🇸 Republicans and Democrats are set to meet today to discuss final details on the CLARITY Act.
@laurashinThe White House's top CLARITY Act negotiator just deferred his mandatory Army National Guard training, again 🪖, to stay at the table through the bill's final stretch.
@laurashinBREAKING: The White House just agreed to ethics language covering Trump himself in the CLARITY Act, with DOJ enforcement instead of state AGs 🏛️. This could be the deal that finally gets crypto's biggest bill to a Senate floor vote. https
@coinmarketcapLATEST: 🇺🇸 White House crypto adviser Patrick Witt says his National Guard training has been deferred, allowing him to see the CLARITY Act through to its Senate vote.
@coindeskNEW: White House crypto adviser @patrickjwitt's military training has been deferred, allowing him to stay on and see the CLARITY Act through its Senate floor vote.
@cryptoroverBREAKING: 🇺🇸 Multiple industry sources say President Trump agreed on an ethics package for the Clarity Act and shared it with Senate Republicans this afternoon. Details remain unclear, but industry participants hope it will pave the way f
@tftc21The Clarity Act is closer to passage than it's ever been, but a tight window and unresolved sticking points mean nothing is guaranteed. Treasury Secretary Scott Bessent said today the Senate is at the "1-yard line." Sen. Kevin Cramer told
@coindeskNEW: President Donald Trump is said to have made historic concessions in the deal to allow an ethics provision in the crypto Clarity Act that curtails the president’s own activities, and the White House is pushing Democrats to accept it. @
@kalshi_cryptoJUST IN: White House pushes Senate Democrats to accept President Trump's ethics deal and pass Clarity Act
@cointelegraph🇺🇸 JUST IN: Polymarket traders now price a 53% chance that the CLARITY Act will be signed into law in 2026, up 22% over the past day.
@bitcoinmagazineJUST IN: 🇺🇸 White House official reportedly says Senate Democrats need to accept President Trump's conflict of interest agreement to advance the Clarity Act.
@coinmarketcapLATEST: 🇺🇸 Senator Kevin Cramer says there's "some agreement" that the Department of Justice will be the prevailing enforcer on CLARITY Act ethics provisions.
@fintechfrankCould be a major breakthrough for CLARITY The White House says President Trump has agreed to what it calls the “most comprehensive and wide-ranging ethics provision in history” to resolve the final sticking point in the CLARITY Act. https
@cointelegraph🇺🇸 JUST IN: Bipartisan discussions are underway on Capitol Hill today over ethics language in the CLARITY Act, a key issue that could shape support for the crypto market structure bill.
@laurashinRT @laurashin: The White House's top CLARITY Act negotiator just deferred his mandatory Army National Guard training, again 🪖, to stay at t…
@tftc21U.S. Treasury Secretary Scott Bessent says the Clarity Act is at the "1-yard line."
@laurashinRT @laurashin: BREAKING: The White House just agreed to ethics language covering Trump himself in the CLARITY Act, with DOJ enforcement ins…
@theblockcoTHE BLOCK: Trump-approved crypto ethics language would bar federal officials, including the president, vice president, and members of Congress, from issuing digital assets. It would also put enforcement with the Justice Department rather t
@laurashinAfter hearing Patrick Witt's intel, Robert's confidence about the odds that Clarity passes have jumped from 70% to 75% 🤣 (This, to me, is like saying 6 minute abs is so much better than 7 minute abs 😂)