Trump Makes a Major CLARITY Act Concession as Senate Vote Nears

TL;DR

• Trump accepted approximately 80% of the CLARITY Act’s bipartisan ethics package, which now faces the 60-vote threshold in the Senate.
• The final text incorporates 126 changes requested by Democrats, including restrictions on crypto interests held by elected officials and their spouses.
• The revised version adds a mechanism allowing the Treasury Secretary to intervene if stablecoins trigger massive outflows from bank deposits.

The administration of Donald Trump accepted approximately 80% of a bipartisan ethics package to advance the CLARITY Act, legislation aimed at defining when a digital asset is classified as a security or commodity, and distributing oversight among federal regulators.

The bill now faces its most demanding test: clearing the 60-vote threshold in the Senate next Tuesday, which requires Republicans to secure support from at least several Democrats.

The last-minute changes target the points of greatest resistance between the Trump administration and the opposition. The conflicts of interest section, which had blocked bipartisan backing until the very end, was rewritten to impose restrictions on crypto interests held by federal elected officials, judges, and their spouses.

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