Bipartisan US Senators Send White House Amendment to CLARITY Act Ethics Provisions

Two US senators, one Republican and one Democrat, have sent the White House a proposal to revise the ethics provisions of the CLARITY Act, a digital-asset market structure bill, Cointelegraph reported on July 30.

Republican Senator Thom Tillis and Democratic Senator Ruben Gallego submitted a proposed amendment to the Trump administration that would revise ethics language in the Digital Asset Market Clarity Act.

The central change would transfer enforcement authority over a ban on token issuance and sponsorship by federal officials from the US attorney general to state authorities. The move amounts to a compromise aimed at addressing concerns that the original draft concentrated too much power in a single office.

Gallego previously said provisions covering ethics, consumer protection, illicit finance, conflicts of interest and market integrity must be strengthened. He has also said he would work with Republicans to advance the bill.

The amendment appears aimed at winning support from Democrats who have taken a cautious stance on the CLARITY Act. Some Democratic lawmakers have repeatedly raised conflict-of-interest concerns, saying they would not support legislation that could strengthen President Donald Trump's influence over an industry he would regulate.

Republicans currently hold 52 seats in the US Senate, while Democrats hold 47. The bill needs 60 votes to pass, meaning support from at least some Democrats remains necessary.