On Friday, U.S. President Donald Trump met with his advisors to discuss the ethical provisions of the Clarity Act, which are of great significance to the cryptocurrency market.
According to two sources familiar with the situation who wished to remain anonymous due to the sensitivity of the matters discussed, the meeting between Trump and his advisors addressed planned ethics rules for government officials. However, the outcomes of the meeting and the names of the advisors present are not yet known.
The timing of the meeting is notable. On Tuesday, an important procedural vote on the CLARITY Act is scheduled in the U.S. Senate. This vote will be crucial in determining whether the bill can advance further in the Senate legislative process.
Senate Democrats are demanding stricter ethics provisions related to government officials be included in the bill. Reportedly, Democrats specifically want to tighten restrictions on Trump and his family earning income from trading activities in the cryptocurrency sector.
In recent weeks, ethics rules have become a major point of contention in negotiations over the Clarity Act. Trump's direct involvement in this process, consulting with his advisors, indicates that parties are seeking a compromise ahead of Tuesday's vote.
As of today, the White House has not responded to requests for comment regarding the meeting.
Patrick Witt Speaks Positively of the Clarity Act
In contrast, Patrick Witt, a leading advisor on crypto policy in the Trump administration, expressed an optimistic view on social media Saturday. Witt stated: "Today is a bad day for pessimistic outlooks regarding the Clarity Act."
*This is not investment advice.
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