Trump Refuses to Sign Clarity Act Ethics Clause, Negotiations Stall Ahead of August Vote

According to The Block, Trump met with Republican senators Bernie Moreno and Cynthia Lummis and White House crypto advisor Patrick Witt on ethics provisions for the Clarity Act last Thursday but did not sign the proposed clause. The parties failed to reach consensus on any terms, raising concerns that the clause could disadvantage Trump in the future.

The ethics clause aims to restrict senior U.S. officials, including the president and vice president, from profiting from digital assets during their tenure—a provision directly addressing concerns over Trump's Meme coin holdings and his family company World Liberty Financial. The Senate must vote on the legislation by early August, but sources indicate the bill text may not be released until an ethics agreement is reached.