High-level White House meeting said to be planned to hash out Clarity Act ethics section The most contentious piece of the crypto market structure bill is unresolved in the final weeks of Senate runway, and administration officials are expected to meet on it. – Senior White…
use officials are planning to meet with senators to work on the most difficult remaining piece of the crypto Clarity Act. – If a compromise can be secured, the market structure legislation may find a path through the Senate, though time is running out for passage this year. Senior White House officials are expected to sit down with U.S. senators on Thursday to try to work out the most difficult remaining piece of the bill to regulate U.S. crypto markets, according to people briefed on the plans
As the Digital Asset Market Clarity Act faces the final weeks of potential Senate floor time in which it can most realistically get passed this year, the major unfinished section is the legislation’s restriction on senior government officials’ personal business interests in the crypto sector. Democrats have demanded such limits, most significantly to address President Donald Trump’s own ties, but negotiators have been unable to fix on a compromise even as the clock winds down in the Senate calendar. White House officials — potentially including Chief of Staff Susie Wiles, according to one person — are expected to meet with senators to work on closing that gap, the people said.
Though text of an almost final version of the Clarity Act was expected to begin circulating, it may slip later in the week while talks continue, one of the people said. White House spokespeople didn’t immediately comment on the meeting plans. Recently, negotiations among senators from both parties were said to hit a wall over the ethics provision, in which Democrats have demanded the president, vice president and members of Congress be restricted in their personal crypto ties.