Will New CLARITY Act Force Trump To Sell Crypto Holdings?

President Trump has spent his time in office pushing for the United States to become a major hub for digital assets. He recently established a national digital asset reserve, signaling a clear shift toward crypto friendly policy. However, new bipartisan ethics discussions regarding the upcoming CLARITY Act may force the President to sell his personal cryptocurrency holdings to avoid potential conflicts of interest.

The proposal follows reports that the Trump family has generated over $1 billion in crypto profits since the start of his current term. While the President does not personally manage these accounts, the proposed language aims to mandate divestment for individuals in power. His sons currently oversee the family crypto portfolio.

The Senate is expected to vote on the CLARITY Act in the coming days. The bill requires 60 votes to pass into law. Senators Thom Tillis and Ruben Gallego are currently working on the specific ethics language that would dictate how these holdings are handled.

If the bill passes, it could bring much needed regulatory structure to the industry. Supporters believe clear rules will boost investor confidence and encourage more institutional players to enter the market. Traders are watching the Senate floor closely to see if the legislation clears the hurdle.