Trump is said to weigh ethics compromise ahead of crucial crypto bill vote
President Donald Trump met with advisers Friday to discuss ethics restrictions that could be added to a sweeping cryptocurrency bill facing a pivotal Senate vote next week, Politico reported late Saturday, citing two people familiar with the meeting.The closed-door discussion focused on language under consideration for the Digital Asset Market Clarity Act. The identities of the participating advisers and Trump’s response to the proposal were not disclosed.The Senate is expected to hold a procedural vote Tuesday. The measure will need enough support to overcome that hurdle before lawmakers can debate amendments or move toward final passage.Democrats are pressing for provisions that would restrict senior government officials from issuing, promoting or profiting from digital assets while in office. The demands are aimed partly at addressing concerns about potential conflicts involving the Trump family’s cryptocurrency ventures.Patrick Witt, a senior White House cryptocurrency adviser, appeared optimistic about the negotiations in a Saturday post on X, suggesting that pessimism about the bill’s prospects may be misplaced.The vote represents a potentially important catalyst for Bitcoin , Ether , other digital assets and crypto-linked stocks. The Clarity Act is intended to establish clearer boundaries between the Securities and Exchange Commission and Commodity Futures Trading Commission while creating federal rules for exchanges, token issuers and decentralized-finance platforms. Greater regulatory certainty could encourage institutional investment and support companies such as Coinbase and other trading, custody and blockchain-infrastructure providers.A procedural defeat, however, would extend uncertainty and could generate short-term volatility across crypto markets. Ethics language may determine whether Democrats provide the votes needed to advance the legislation, making Trump’s position relevant to the bill’s immediate prospects.Reuters has reported that the industry considers the current congressional window especially important because the political landscape could change after the November elections.The emerging Senate proposal would also address stablecoin rewards, anti-money-laundering requirements, decentralized finance and the regulatory treatment of tokenized securities. Those details could produce different outcomes across the sector even if passage is broadly viewed as a step toward regulatory clarity.Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.