President Trump

President Donald Trump

<h2 id="ethics-provisions-clear-a-key-hurdle">Ethics Provisions Clear a Key Hurdle</h2>
<p>President Donald Trump has agreed to a set of bipartisan ethics provisions attached to the Digital Asset Market Clarity Act, clearing one of the bill's most stubborn sticking points ahead of a Senate procedural vote scheduled for Tuesday, September 15.</p>
<p>The updated language, long a Democratic priority, <cite>would ban presidents and other federal officials from issuing or sponsoring cryptocurrency and other digital assets.</cite> Under the new text, <cite>state attorneys general would be permitted to enforce those prohibitions and take action against exchanges listing assets banned under the regulation.</cite> The Department of Justice would also hold enforcement authority.</p>
<p>According to a Senate Republican aide cited by The Hill, Trump accepted roughly 80 percent of the provisions Democrats had requested. <cite>A new ethics clause would also require covered individuals to divest crypto-linked financial interests or place them in a blind trust.</cite></p>
<h2 id="months-of-negotiation-one-bill">Months of Negotiation, One Bill</h2>
<p><cite>Senator Cynthia Lummis, the lead Senate sponsor of the CLARITY Act, released an updated substitute of the bill running roughly 630 pages on September 10, 2026.</cite><cite>Lummis said the draft incorporated more than 114 provisions requested by Democratic colleagues.</cite> Speaking to The Hill, <cite>Lummis said she had "bent over backwards to make this a truly bipartisan bill that both sides can be proud of."</cite></p>
<p>The Senate missed an earlier window to vote before the August recess. <cite>Senate Majority Leader John Thune confirmed there would not be a vote in August, but committed to one in September.</cite><cite>The Senate returned to Washington on September 14, 2026, with three weeks to resolve outstanding issues.</cite></p>
<p>Despite the progress, some Democrats remain skeptical. <cite>A group of seven Democratic negotiators previously said earlier draft text "falls short," objecting in particular to the ethics provision's DOJ-only enforcement and a 2029 sunset clause.</cite> Whether Tuesday's procedural vote can clear the 60-vote cloture threshold remains the central question. <cite>Senate cloture on the CLARITY Act requires 60 votes, and Republicans hold 53 seats, meaning at least seven Democrats must cross over.</cite></p>
<p><em>Sources:</em><br><a href="https://thehill.com/policy/technology/6083142-lummis-pushes-democrats-clarity-act/" rel="noopener noreferrer nofollow">The Hill: Sen. Cynthia Lummis urges Democrats to support Clarity Act</a><br><a href="https://www.cnbc.com/2026/07/22/senate-crypto-bill-would-ban-federal-officials-from-issuing-digital-assets.html" rel="noopener noreferrer nofollow">CNBC: Senate crypto bill would ban federal officials from issuing digital assets</a><br><a href="https://www.coindesk.com/policy/2026/08/06/senate-won-t-vote-on-crypto-clarity-act-before-its-summer-break" rel="noopener noreferrer nofollow">CoinDesk: Senate won't vote on crypto Clarity Act before its summer break</a></p>

Trump Backs New CLARITY Act Ethics Rules

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