PiCK
White House Stays Silent on CLARITY Act Ethics Compromise, Delaying Deal on Key Dispute
Summary
- The White House has yet to state an official position on a bipartisan compromise over the ethics provision in the CLARITY Act, a US cryptocurrency market structure bill.
- The White House has not responded to the ethics compromise proposal submitted last week by Senators Thom Tillis and Ruben Gallego, leaving the issue unresolved even as a possible CLARITY Act vote this week is being discussed.
- The ethics provision centers on potential conflicts of interest in crypto businesses involving US President Donald Trump and his family, an issue Democrats have pushed to strengthen as a key condition for passing the bill.
Forecast Trend Report by Period
The White House has yet to take an official position on a bipartisan compromise over the ethics provision in the CLARITY Act, a US crypto market structure bill.
Eleanor Terrett, host of Crypto in America, said on August 3 that the White House had not responded to the ethics proposal submitted last week by Republican Senator Thom Tillis and Democratic Senator Ruben Gallego.
That leaves the bill's biggest sticking point unresolved, even as a possible vote on the CLARITY Act this week is being discussed.
The ethics provision focuses on potential conflicts of interest involving President Donald Trump and his family's crypto businesses. Democrats have demanded stronger language as a key condition for supporting the bill.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.