New Ethics Language Added to Crypto Clarity Act

Senators Thom Tillis and Ruben Gallego have finalized new language for the Clarity Act focusing on ethics and conflicts of interest. The update aims to address concerns regarding government officials holding direct ties to crypto projects, a topic that gained attention following recent disclosures about the Trump family earnings in the sector.

This move comes as Congress faces pressure to pass the legislation before the upcoming summer recess. Senate Majority Leader John Thune suggested a vote could happen soon, provided there is enough support from across the aisle. The process will require a complex series of procedural steps, including a multi day debate period.

While the ethics section is moving toward a resolution, the bill still faces opposition regarding specific rules for decentralized finance developers and stablecoin programs. Traders should watch for the official release of this new text as it will determine if the bill can gather the necessary support to move forward before the deadline.