President Donald Trump plans to meet with a group of senators at the White House on Thursday afternoon to address the last major hurdle to the cryptocurrency market structure bill, according to the British Daily Mail. Familiar people With the plans I talked to POLITICO And the representatives participating in the talks.
The sticking point is the ethics section of the Digital Asset Market Clarity Act, which would prevent senior government officials from holding personal business interests in the cryptocurrency sector. Democrats have made such restrictions a condition of their support, in large part to address Trump’s own ties to the industry.
Negotiators did not reach a compromise, and the Senate calendar leaves a narrow window.
Sen. Bernie Moreno, an Ohio Republican involved in the negotiations, said senators will brief the president on the bill and its “pathway to success.”
“We’re going to talk about the entire bill. I mean, obviously the president has been very involved in this bill,” Moreno said. “He is the person who has led the innovation that I believe will pay off.”
Trump’s Cryptocurrency Disclosures as Clarity Act Swings
Clarity’s fate may depend on what Trump accepts, and on whether he supports a bill restricting its private businesses. I have He lobbied the Senate to pass the legislationalthough he did not say what conflict of interest provisions he would sign into law. The revelation that he made more than $1 billion involved in cryptocurrencies in 2025 gave critics new ammunition.
Invoice The Senate Banking Committee was approved by a vote of 15 to 9with Democrats Ruben Gallego and Angela Alsobrooks joining Republicans to push it. Both said in May that they would not support final passage without an ethics clause. during Commission codingAn amendment from Senator Chris Van Hollen to bar the president, vice president, and members of Congress from trading in cryptocurrencies failed on 11-13.
On Tuesday, a group of Democratic Sens detained Press conference to call for opposition to Clarity if it does not cut what they call Trump’s “corrupt” ties to the sector. Gallego, who led the ethics negotiations for months, was not among them.
The timing of the revised text remains open. Senator Cynthia Lummis, a Republican from Wyoming and the bill’s chief architect, said the draft could be circulated on Wednesday, but senators are considering whether to include the ethics language or put it on a timeline for later.
Senate Majority Leader John Thune said he hopes to introduce the bill before the term ends on August 7. Asked whether he would hold a vote in the absence of an agreement with Democrats, Thune said: “At some point, we will vote on it, yes.”
The room is cut off for summer vacation after the first week of August, which opens a door Narrow stretch To finish the clarity before members head to the November midterm elections. Galaxy research Put the odds of passing at 50-50 Over time.
