- The White House is urging Senate Democrats to accept President Trump’s ethics deal to pass the Crypto Clarity Act, according to an anonymous official.
- The Digital Asset Market Clarity Act aims to resolve contradictory SEC and CFTC rules and maintain U.S. leadership in digital finance.
- Democrats have not been briefed on Trump’s concession, but Republicans and the crypto industry are framing them as the obstacle.
- Polymarket data shows the odds of the bill passing have hit an all-time low after Friday’s congressional meeting.
The White House is again pushing Senate Democrats to accept President Trump’s ethics deal and pass the Crypto Clarity Act, according to a White House official who spoke on condition of Anonymity. The official stated that Trump “has agreed to the most comprehensive and wide-ranging ethics provision in history,” though no details have emerged on what crypto restrictions he may have consented to for the Digital Asset Market Clarity Act.
Democrats have been kept out of the loop on this provision, according to people familiar with the situation. Consequently, Republicans and the crypto industry have already begun an aggressive sales campaign, painting Democrats as the problem if the bill doesn’t advance. The unnamed official warned that “if Senate Democrats block this historic legislation after the administration has bent over backward to accommodate their concerns, stakeholders should make no mistake: It is the Democrats who are blocking this legislation.”
The CLARITY Act aims to provide regulatory clarity so companies do not face contradictory or ambiguous rules from the SEC and CFTC. It also seeks to maintain U.S. leadership in digital finance by creating a framework that encourages domestic blockchain development, as noted in a tweet from Watcher.Guru. The bill passed the House of Representatives in July 2025 and cleared two Senate committees before Memorial Day 2026.
At press time, odds of the crypto Clarity Act passing hit an all-time low even after Congress met to discuss the bill on Friday, according to Polymarket.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
