Trump backs ethics language for the CLARITY Act, clearing a major hurdle as the Senate prepares to advance the crypto bill.
The CLARITY Act may be moving closer to the Senate floor after weeks of private negotiations.
Multiple industry sources now say the White House has accepted ethics language tied to the bill.
Eleanor Terrett reported that the language was sent to certain Senate Republicans on Monday afternoon.
The Block later reported that Trump agreed to the provision, which could clear the last major roadblock before updated bill text is released.
The ethics package sits at the center of the latest push on crypto legislation.
The provision would limit presidents, vice presidents, members of Congress, and other federal officials from profiting from digital assets while in office.
That issue has stalled talks for months. The Block said ethics had become the final hurdle for broad crypto legislation aimed at setting federal market structure rules.
Eleanor Terrett said industry sources expect bill language soon, though the exact terms still remain unclear. She also noted that the White House sent the language to certain Senate Republicans earlier in the day.
Wu Blockchain echoed the same reporting on X, saying Trump agreed to the ethics provision and that the step removes a major barrier to advancing the bill.
Trump Agrees to Ethics Provision, Clearing Key Hurdle for CLARITY Act
According to The Block, US President Donald Trump has agreed to an ethics provision in the CLARITY Act, removing the final major hurdle to advancing the crypto market structure bill toward a Senate vote. The… pic.twitter.com/hINSZbLFCf
— Wu Blockchain (@WuBlockchain) July 21, 2026
The next step is release of the revised text. One source told The Block the draft could arrive as early as Monday night, though the timing may slip.
The Senate now has only the first week of August to act, according to The Block. If senators pass the measure, the bill returns to the House before it can reach Trump again.
The ethics debate has also shaped the pace of the talks. The Block reported that lawmakers and White House officials spent much of the past year working through limits on how federal officials can profit from digital assets.
That scrutiny has centered on Trump’s own crypto links, including memecoins and World Liberty Financial.
The Block said recent financial disclosures intensified pressure for a clearer ethics framework.
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The CLARITY Act would be the first comprehensive federal crypto market structure bill, according to The Block.
It would split oversight between the SEC and the CFTC, giving the market a clearer regulatory map.
That framework matters for crypto price sentiment because traders have long treated regulation as a key market driver.
A final Senate vote would give the sector a concrete timeline instead of another round of open-ended debate.
The reporting also comes after earlier warnings that ethics language had to satisfy both parties before any July deadline could hold.
Terrett had said in June that a workable ethics solution would be needed to hit the original timetable. For now, the bill is no longer stuck on its biggest unresolved issue.
The next market-moving moment will come when the updated text lands and senators decide whether the CLARITY Act can reach a vote before the August window closes.
The post Trump Clears Final Hurdle for Landmark Crypto CLARITY Act appeared first on Live Bitcoin News.
