Trump gave up 'historic' ethics powers in CLARITY Act compromise

The White House's digital assets adviser said President Trump gave up "historic" ethics powers under the new compromise language for the CLARITY Act, the market-structure bill that would create a federal framework for digital assets. The remarks came at a Washington event a day after the revised draft was released.

The agreed ethics provision requires divestiture for Trump, elected officials and judges, and grants state attorneys general authority to sue to enforce the rules — a step Trump's sign-off was seen as decisive for after Digital Chamber CEO Cody Carbone said the bill could not reach the 60-vote threshold without an ethics deal. The measure still faces a key procedural vote against a shortened September legislative calendar, with SEC Chair Paul Atkins having previously expected a vote as soon as September 15.