White House Strikes Deal on Crypto Bill Ethics Rules

The Digital Asset Market Clarity Act, or CLARITY Act, would establish the first comprehensive U.S. federal framework for crypto markets and divide oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission. The House passed the measure on July 17, 2025, but its Senate path has been slowed by disputes over ethics, tokenization and stablecoin rewards. Democrats have demanded safeguards addressing President Donald Trump’s crypto interests, including his memecoin and his family’s World Liberty Financial business.

White House officials reached an agreement on ethics language with Republican Senators Cynthia Lummis and Bernie Moreno on July 21, 2026, according to a Punchbowl report, though the text has not been released. The deal is aimed at unlocking Democratic support, but the bill still faces a 60-vote Senate threshold and no floor vote was on the calendar. Bitcoin briefly topped $67,000, a seven-week high, while Coinbase jumped 12%, as investors bet on action before the Senate’s August recess.