Clarity’s progress may depend on what the president is willing to accept in the ethics section and whether he will support a bill that directly restricts its business. He has urged Congress to pass the Clarity Act, but has never explicitly addressed what he is willing to sign into law when outlining restrictions for government officials.
White House spokespeople had no immediate comment on plans for the meeting.
Recently, negotiations between senators from both parties were said to have hit a wall over the conflict of interest provision, in which Democrats have demanded that the president, vice president, and members of Congress be restricted in their personal ties to cryptocurrencies. Trump’s revelation that he had earned more than $1 billion from his involvement in the industry by 2025 fueled criticism.
On Tuesday, some Democratic senators held a press conference to call for opposition to the Clarity Act if it does not sever Trump’s “corrupt” ties to the industry. But that vocal group did not include Sen. Rubén Gallego, a Democrat who has been leading the ethical negotiation of the Clarity Act for months. Gallego, along with fellow Democratic Sen. Angela Alsobrooks, who voted for the bill in committee, said in May that they would not support final passage of the bill without an ethics provision.
